Mon, Dec 8, 2003: BSI and PatternHunter Featured as one of BioinformaticsIndustry's Forerunners in The Industrial Physicist
The feature article, "Bioinformatics Moves into the Mainstream" in the October/November 2003 edition of The Industrial Physicist (published by the American Institute of Physics) mentioned BSI and its renowned software package PatternHunter as one of the forerunners in the advent of bioinformatics becoming a mainstream industry. It says, "Bioinformatics Solutions, Inc. (Waterloo, ON), has developed advanced algorithms and innovative software for drug discovery. It has licensed its PatternHunter software to deCODE Genetics (Reykjavik, Iceland), among others, to identify genes and potential drug and diagnostic targets."
The article predicts that the bioinformatics business will reach $1.7 billion by 2006, growing by approximately 20% annually, and shaving 33% off the cost and two-years time off the drug discovery process by then. BSI, along with other well-established peers, such as Accelrys Inc., Rosetta Biosoftware, LION Bioscience AG, and IBM's Bioinformatics Group, is listed as the future driving force on the scene. BSI is also the only Canadian company mentioned in the article.
