bursting the genomics bubble
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14/5/2015 Bursting the genomics bubble : Nature News
http://www.nature.com/news/2010/100324/full/news.2010.145.html 1/3
Published online 31 March 2010 | Nature | doi:10.1038/news.2010.145
Column: Muse
Bursting the genomics bubble
The Human Genome Project attracted investment beyond what a
rational analysis would have predicted. There are pros and cons
to that, says Philip Ball.
Philip Ball
If a venture capitalist had invested in sequencing the human genome, what would she have to
show for it?
For scientists, the Human Genome Project (HGP) might lay the foundation of tomorrow's
medicine, with drugs tailored to your genetics. But a venture capitalist would want medical
innovations here and now, not decades hence. Nearly ten years after the project's formal
completion, there's not much sign of them.
A team of researchers in Switzerland now argue that the HGP was a 'social bubble', analogous
to the notorious economic bubbles in which investment far outstrips any rational cost-benefit
analysis of the likely returns. Monika Gisler and her colleagues at ETH in Zrich say in a
preprint1 on arXiv that "enthusiastic supporters of the HGP weaved a network of reinforcing
feedbacks that led to a widespread endorsement and extraordinary commitment by those
involved in the project".
Some scientists have already suggested that the HGP's benefits were hyped2. Even advocates
admit that medical benefits may be a long time coming, and will require advances in
understanding, not just the patience to sort through all the data.
Hope and hype
This contrasts with some of the claims made while the HGP was underway between 1990 and
2003. In 1999 the leader of the International Human Genome Sequencing Consortium
(IHGSC) Francis Collins claimed that the understanding gained by the sequencing effort
would "eventually allow clinicians to subclassify diseases and adapt therapies to the individual
patient"3.
That might happen one day, but we still don't understand how many diseases with a known
heritable risk are related to our genomes4.
Collins' portrait of a patient who, in 2010, is prescribed "a prophylactic drug regimen based on
the knowledge of [his or her] personal genetic data" is not on the horizon. And going from
knowledge of the gene to a viable therapy has proved immensely challenging even for a
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14/5/2015 Bursting the genomics bubble : Nature News
http://www.nature.com/news/2010/100324/full/news.2010.145.html 2/3
Ingram Publishing /Alamy
The human genomeproject has yet to deliverpersonalized medicine.
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single-gene disease as thoroughly characterized as cystic fibrosis
(see 'One gene, twenty years').
Collins' claim, on the eve of the first draft of the human genome
in 2000, that "gene-based designer drugs will be introduced to
the market for diabetes mellitus, hypertension, mental illness
and many other conditions"5 no longer seems a foregone
conclusion, let alone a straightforward extension of a knowledge
of all 25,000 or so genes in the human genome.
Speculate to accumulate?
But this does not, say Gisler and her colleagues, mean that the
HGP was a waste of money. Some of the project's benefits are
already tangible, such as faster and cheaper sequencing; others
may follow eventually. The researchers are more interested in
how, if the HGP was such a long-term investment, it came to be
funded at all.
Their answer invokes the economics of bubbles. Gisler's colleague Didier Sornette has
previously suggested6 that these bubbles can drive other technical innovations, such as the
mid-nineteenth-century railway boom and the explosive growth of information technology at
the end of the twentieth century.
In economics, bubbles seem an expression of what John Maynard Keynes called animal
spirits, whereby the instability stems from "the characteristic of human nature that a large
proportion of our positive activities depend on spontaneous optimism rather than
mathematical expectations"7 . Such bubbles can end in disastrous speculation and financial
ruin, but in technology they can be useful, creating long-lasting innovations and
infrastructures that the cold glare of reason would have been deemed too risky.
For this reason, Gisler and colleagues say, it is worth understanding what causes such
bubbles, for this might show governments how to catalyse long-term thinking that is
increasingly absent from their own investment strategies and those of the private sector.
Permanent revolution
In the case of the HGP, the researchers argue, the competition between the public IHGSC
project and the private effort by the biotech firm Celera Genomics worked to the advantage
of both, creating anticipation and hope that expanded the social bubble and making the
research cheaper by engaging market mechanisms.
To that extent, the 'exuberant innovation' that social bubbles can engender
seems a good thing. But it's possible that the HGP will never deliver
economically or medically on such massive investment. Worse, the hype might have
incubated a rash of genetic determinism.
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14/5/2015 Bursting the genomics bubble : Nature News
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As Gisler and colleagues point out, other 'omics' programmes are underway, including an
expensive NIH initiative to develop and use high-throughput techniques to solve protein
structures. Before animal spirits transform this into the next 'revolution in medicine', it might
be wise to ask whether the HGP has something to tell us about the wisdom of collecting huge
quantities of stamps before we know anything about them.
References
1. Gisler, M., Sornette, D. & Woodard, R. Preprint http://www.arxiv.org/abs/1003.2882.
2. Roberts, L. et al. Science 291, 1195-1200 (2001). | Article | PubMed | ChemPort |
3. Collins, F. S. New Engl. J. Med. 28, 28-37 (1999). | Article
4. Dermitzakis, E. T. & Clark, A. G. Science 326, 239-240
(2009). | Article | PubMed | ChemPort |
5. Collins, F. S. & McKusick, V. A. J. Am. Med. Soc. 285, 540-544 (2001).
6. Sornette, D. Socio-econ. Rev. 6, 27-38 (2008).
7. Keynes, J. M. The General Theory of Employment, Interest and Money (Macmillan, London,
1936).
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