Genetics startup offers secure way to sell users genomic data
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Currently, pharma companies are spending billions each year to acquire the genomic data they need to identify the causes of diseases and develop new medications and treatments. However, the small amount of data available hinders the growth of this market. This is because many people are reluctant to sell access to their genetic information out of concerns over their privacy. Making progress on developing new drugs depends on acquiring genomic data, which means convincing more people to share their DNA. Now, Nebula Genomics, in partnership with Veritas, has developed a way to use blockchain technology to offer customers a way to profit from selling their genetic data.
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