Why did State put €66m into a private DNA firm instead of national genomics research?

Those who invested Government funds have questions to answer after Genuity Science sale

Genuity Science had the stated intent of acquiring the genomic data of 400,000 Irish people, nearly a 10th of the population. Photograph: iStock

Genuity Science had the stated intent of acquiring the genomic data of 400,000 Irish people, nearly a 10th of the population. Photograph: iStock

With Tuesday’s announcement of the knock-down $100 million (€85 million) sale of genome research company Genuity Science and its Irish operation, there’s little to satisfy either the Irish Government or the Irish people.

Following the company’s acquisition by New York-based HiberCell, many hard questions must be asked of the politicians and civil servants who so willingly put tens of millions worth of government funding into a private company, especially one with the controversial business model of profiting from Irish citizens’ DNA.

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