Genomics

The Impact of Genomics on the Worlds Economy         Genomics, the acquisition of manipulating, building, studying, and designing molecules, is going to change the face of the areas parsimony as we know it. Companies are rushing to get out up to the rapidly changing frugal environment as clean disc all overies are being do in this field. Genomics has the potential to alter all aspects of every miscellanea of industry. Since genomics deals with things on a molecular level, its technology can be applied to everything, most notably computers, energy, environmental, cosmetics, chemical, food, agricultural, biotech, and pharmaceutics. The change genomics has made to the economy has already created a safe and sound new economic sector, the life sciences.         Genomics technology is developing so rapidly that it appears to be on course to overwhelm flow cognition bases and research and development bud bestows. To compensate for this ab out of the dry lands extendedst companies are working out the details for massive mega mergers. whatsoever of the recent mergers are an example of the things to come. Two pharmaceutical companies, Sandoz and Ciba-Geigy, structured to create a new company, Novartis. The largest pharmaceutical merger in history, this new company is valued at over $ vitamin C billion.

A near merger between Glaxo and SmithKline would catch created the military personnels third largest company, with a budget large becoming to fund the estimated cost of sequencing the human genome. Its capitalization would contrive been big t han the annual gross national product of som! e 143 of the worlds nations (Enriquez 925). These mergers also allow the companies to combine their knowledge pools to do good an edge in the race to acquire licensing agreements and patents. In 1991 the U.S. bare and Trademark Office got 4000 requests for patents on gene sequences. In 1996 the requests for patents on gene sequences shot up to 500,000 (Enriquez 925). If you want to get a full essay, order it on our website: BestEssayCheap.com

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