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The article reports on the legal battle faced by the gene-testing firms. Governor Arnold Schwarzenegger of California addressed a biotechnology industry convention about issues in the U. S. regulation. This paper focuses on the legal battle between Kari Stefansson's company about the deCODE genetics located in Reykjavik, Iceland and the California Department of Public Health. Civil case and criminal sanctions are being filed against the company for allegedly failing to have a clinical laboratory license in the state for genetics tests.

The article reports on the effect of the economic crisis from the U.S. markets on the condition of deCode Genetics Inc. in Iceland. It states that the stock price of the pharmaceutical company has plunged 54% since September 2008 due to the investment decisions made by its bankers. On the lighter note, the firm has been identified three new schizophrenia-associated mutations and it has filed an application with the U.S. Food and Drug Administration to begin human tests for the drug. However, the crisis felt by the U.S. pulled down the company and if does not regain for a period of ten consecutive business days before October 30, 2008, it will be delisted and lose access to National Association of Securities Dealers Automated Quotations (NASDAQ) investors.