23andMe Inc.’s clash with U.S. regulators over the direct sale of its gene analysis service to consumers signals stiffer oversight of thousands of tests in an industry predicted to increase fivefold in size.
The Faroe Islands, a tiny, windswept land halfway between Scotland and Iceland, is so barren its 50,000 inhabitants import almost everything except fish and sheep. Now it wants to leap to the frontier of genetic medicine.
Gene-sequencing breakthroughs, spawning a fast-growing, multibillion-dollar market for drugs and medical tests, are also creating thorny questions over how to regulate commercial use of the human genetic code.
Facebook Inc.’s deal to acquire Instagram, the mobile photo-sharing application, for about $1 billion in cash and stock, was done in a mere 54 hours said Facebook’s lead partner on the deal, Greg Roussel of Fenwick & West LLP.