DeCode genetics, the Reykjavik-based human genetics company founded by Kari Stefansson, will soon have an American owner. Amgen, a biotech drug developer based near Los Angeles, California, announced today that it will buy DeCode for $415 million. Amgen says the purchase will enhance the company’s ability to identify successful drug targets.
Over the past 16 years, DeCode has made dozens of human genetics discoveries that have linked genetic variants to risks of heart disease, Alzheimer’s, and diabetes (see “Gene Variant Linked to Heart Disease” and “A Genetic Test for Diabetes Risk”).
One of the reasons for DeCode’s research success is all the medical records and genetic information it has collected from some 140,000 willing Icelander participants. However, that genetic prowess wasn’t enough to create a profitable biotechnology company—DeCode declared bankruptcy in 2009 (see “DeCode is Bankrupt; So Is The Idea of “Pure” Genomics”), but the company was rescued by private investors in 2010.
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