![]() The same SEC filing indicates that deCODE is involved in a lawsuit against former employees for computer fraud and disclosure of confidential information. If the time required to generate product revenues and achieve profitability is longer than we currently anticipate, or if the level of losses is greater than we currently anticipate, we may not be able to continue our operations. As a result, we expect to incur net losses for several years. It may be several years before product revenues materialize, if they do at all. We do not expect to receive royalties or other revenues from commercial sales of products developed using our technology in the near term. Our research and development expenditures and selling, general and administrative costs have exceeded our revenue to date, and we expect to spend significant additional amounts to fund research and development in order to enhance our core technologies and undertake product development (including drug development and related clinical trials). We have never generated a profit and we have not generated revenues except for payments received in connection with our research and development collaborations with Roche, Merck and others, from contract services, from sales of Emerald BioSystems products and instruments, and grant funding. We incurred a net loss of $85.5 million, $62.8 million and $57.3 million for the years ended December 31, 2006, 20, respectively, and had an accumulated deficit of $535.7 million at December 31, 2006. If we continue to incur operating losses longer than anticipated, or in amounts greater than anticipated, we may be unable to continue our operations. However, the company believes it can continue to identify disease-related genes without such a database ĭeCODE's most recent 10-K SEC filing reveals that their net losses to date are in excess of 530 million dollars, and that they have never turned a profit : ![]() The Directorate of Health in fact has extensive information in English on COVID-19, including a handy FAQ.Guide to balance cleaning: 8 simple stepsĭeCODE's approach to identifying genes, and in particular its attempt to set up an Icelandic Health Sector Database (HSD) containing the medical records and genealogical and genetic data of all Icelanders, has been very controversial, and prompted national and international criticism for its approach to the concepts of privacy and consent A legal judgement from the Icelandic Supreme Court in November 2003 effectively killed off the HSD project. It also naturally follows that you should avoid contact with sick people. If you must sneeze or cough, do so into the crook of your elbow or into a tissue. ![]() To prevent transmission or contact with the virus, the cardinal rule is to wash your hands frequently before eating and after touching common surfaces, and avoid touching your face. If you are worried you may have COVID-19, have been to any of the high-risk areas or in contact with anyone who has within the last 14 days, you are urged to call 1700 from an Icelandic phone number or +3 from any other phone, where a health care professional will give you further information and guidance. Symptoms of COVID-19 include dry cough, fever, and aches in the bones. ![]() This screening is expected to go forward within the next week. Rather, the purpose of the screening is meant to inform those who have symptoms whether or not they have COVID-19, in conjunction with the Directorate of Health, in order to assist already ongoing efforts. In fact, a statement from deCODE emphasises that people’s personal data will not be permanently recorded nor put in the company’s general knowledge bank. However, Fréttablaðið now reports that both bodies have reversed their position on the matter, as the screening is considered clinical work not a scientific study. ![]() Kári’s desire to screen the general population was not without controversy, as both the Data Protection Authority and the Scientific Ethics Committee initially believed Kári required a special permit in order to conduct the screening. While almost all of these cases come from three flights returning from Italy and Austria, with the arrivals put in quarantine while testing is underway, the virus has unfortunately found its way into the general population. CEO of deCODE Genetics Kári Stefánsson (shown above) intends to screen the entire Icelandic population for COVID-19, of which there have been 60 confirmed cases at the time of this writing. ![]()
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