Genomic content providers like Incyte Genomics Inc. and Celera Genomics Group have packed up their databases and moved downstream into drug development. Despite their proximity to profitability, genomics companies built on selling discovery information just don't garner the valuations reserved for drug developers, and as customer interest wanes, database subscriptions are slipping.
Proteomics players are following suit. Like genomics players, they don't want to see their companies valued merely as database providers....