“We thought if you found the gene that caused a disease you would simply be able to ‘drug it’. The technology had great promise, but then we realised it would take decades.”
This is from an article in the FT about biotech. The quote has more to do with layering dishonesty on dishonesty, than insight. Nobody who knew anything about disease thought that finding genes was a quick way to improving care. Rather, what those who professed this belief were doing, was talking up a movement, only to cash in their shares before the bubble burst, which most of those on the inside were aware would happen. This was always an investor strategy, rather than a credible view about science or medicine. There will be more bubbles. Here is another.