Biotech and Obama-Stimulus package

Politepreneur(R)-President Barack Obama President Barack Obama, savoring his first major victory in Congress, said Saturday that newly passed $787 billion economic stimulus legislation marks a "major milestone on our road to recovery."

Speaking in his weekly radio and Internet address, Obama said, "I will sign this legislation into law shortly, and we'll begin making the immediate investments necessary to put people back to work doing the work America needs done."

One of the key areas is to see great advancement and job creation is the Life-sciences sector. President also received a multimillion dollars-ok for his IT-health care projects.

Following article describes potential boom in the biotech/pharma sector.
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Scientists see boom for biotechnology
by Jean-Louis Santini

CHICAGO (AFP) – The promising potential of biotechnology remains largely unused, especially in such crucial areas as healthcare and production of environmentally friendly fuels, scientists said.

The experts gathered here at an annual conference of the American Association for the Advancement of Science predicted that biotechnology was likely to experience a boom in coming years.

"What you have seen over the last 35 years of biotech are tremendous applications, immediate applications of biotech starting with recombinant therapeutics all the way through," said Drew Endy, assistant professor of bioengineering at Stanford University.

He said the phenomenon can be explained by the fact that no one thus far has even "scratched the surface" of the promising science.

But Endy argued that science was moving forward fast. In only six years, he said, the gene sequencing project went from reading a bacteria genome to reading a human genome.

Last year, researchers at the Venter Institute built a bacteria genome from scratch, he noted.

"I bet we will be able to construct a human chromosome, and the yeast genome," Endy said, offering a six-year forecast. "It sounds a little bit crazy because it's an exponential improvement in the tools."

He said there were lots of opportunities to take those tools forward.

"We are advocating now a national initiative in synthetic biology that would include in part a route map for getting better in building genetic material, constructing DNA from scratch and assembling it into genes and genomes," the scientist pointed out.

Jay Keasling, professor of biochemical engineering at the University of California at Berkeley, said his project was using a microbe in order to produce a drug while significantly reducing its cost.

"We anticipate in one or two years that the optimization process will be completed and that production of the drug will commence and have it in the hands of people in Africa shortly thereafter," Keasling said.

Meanwhile, Christina Smolke, assistant professor of bioengineering at Stanford University spoke about her efforts to design molecules that go into the cell and analyse the cellular state before delivering a therapeutic effect.

"Our goal is to make more effective therapies by taking advantage of the natural capabilities of our immune system and introducing slight modifications in cases where it is not doing what we would like it to do," she said.

Smolke said she hoped to translate her technologies into intelligent cellular therapeutics for glioma cancer patients in the next five years.

"That's a very optimistic view ...but so far things are moving quickly," she pointed out.
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Source: AP (Associated Press)
http://news.yahoo.com/s/afp/20090214/sc_afp/ussciencebiotechnology_20090214122650