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Showing posts from November, 2015

23andMe - The Birth of the Crony Capitalist

The FDA has now allowed 23andMe to give their customers some health-related information. This is not everything: it is only the results tat the FDA considers more reliable. On the face, this might look like a good thing, but it is probably the first step to corrupting one more little industry. Already, 23andMe is running ads saying it is the only genetic testing company offering FDA-approved health results. This is really deceptive because the FDA only approved a small slive r of their tests and because competitors can do the same even if the FDA has not approved them yet. Consider the people who run 23andMe. Until recently they were fighting against FDA control. Now, how would they view a competitor who wants to offer a non-approved test? They'll probably insist on a "level playing field". Fast forward a year or two and they'll have a relationship with the FDA and may even sue a competitor who tries to offer something new saying it does not need FDA approv