Show B8 — The Herald Journal Logan Utah Sunday August 18 2002 " LANHAM Md (AP) — J Craig Venter whose former comply spent two years mapping humMDNA imeiledplmWnMday1o jiEJLo will ooe dev be decoded in seconds He said he hopes the DNA sequencing which now can take months and costs millions of dollars will be done for about $1000 Making it widely available could help doctors predict what diseases their patients may face and treat problems before they arise “We're trying to get it so that millions of people can participate in having this information change their lives" Venter said The announcement marks a return to genetic research for Venter a usually outspoken biologist who has kept a relatively low profile since he left his post as president of Celera Genomics in January Venter founded Celera m 1998 promising to create a chart of the human genetic structure in just a few years It was a boast that shook the genetics community and put Celera in a tight race with federally funded researchers! Both completed the work in the Institute for Genomic Research run by his wife Claire Fraser The Rockville institute known as TIGR lab will con- - Rockville-base- d Venter's work will be a boost for genetics if he keeps that promise said Larry duct 40 million genetic" sequences next year making it one of the nation’s busiest uliteCelen which uld fe huctwe of ettfetax iporee that were sent through the mail last fall Venter predicted the new map “Science isn't about press releases science is about doing stuff and putting it in theblkKctor feat the Thompson a spokesman for the Nrioiul Ifaniu Genme Reiearch Iratitute which ran the federally funded project that competed with Celera to complete the human genetic cceu to iti genetic rwearch Venter said the nonprofit lab would openly publish its find- ings Federal scientists have already met to discuss the ret of fee icientific commuoi- ty can see it” Thompson said thotieeniMoller (non project but have not decided “If Dr Venter contributes in that mode his contributions Thompson said whether to pursue that goal 1 2000 ' Venter was ousted after the ' company shifted from selling genetic Information to drug development Celera said it was looking for a chief executive with drag company experience which Venter lacked Celera spokesman Rob Ben- -' nett said the company doesn’t see Venter’s new venture as competition because Celera is moving away from genetic sequencing Venter’no longer has ties to Celera but he said his J Craig Venter Science Foundation still has a million options in Celera stock The new lab will he a coir laboration between three research centers supported by Venter’s foundation including Biotech insider t settles SAN FRANCISCO (AP) — A former Genentech Inc computer programmer has agreed to pay $76000 to settle charges she profited from - inside information about a pivotal drag experiment the and Exchange Com: Securities mission said Thursday The case is the latest scandal to hit the sagging biotechnology sector1 Lei Wang 32 was responsi-- ! ble for analyzing clinical trial results of the jKoriasis drag Xanelim which was being-jointjdeveloped by Genen- tech and Xoma Ltd On April 3 Wang learned V' that the trial’s results would not pass Food' and Drug Administration scrutiny the SEC Said That day she sold 4400 shares of Xoma’s stock while simultaneously betting its share price would fall by ' short-sellin- g the company’s stock Two days later Genentech and Xoma publicly announced ' the disappointing trial results Xoma’s stock dropped 42 percent after the announcement InaU' Wang reaped nearly ' $51 000 in profits the SEC said She could not immediately be reSchedfor comment i Thursday! 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