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Biotechnology is not new. Cheese, bread, and yogurt are products of biotechnology and have been known for centuries. However, the stock-market excitement about biotechnology stems from the potential of gene manipulation, which is the subject of this book. The birth of this modern version of biotechnology can be traced to the founding of the company Genentech. In 1976, a 27-year-old venture capitalist called Robert Swanson had a discussion over a few beers with a University of California professor, Herb Boyer. Although Swanson and Boyer faced skepticism from both the academic and business communities they forged ahead with their idea. Successes came thick and fast and within a few years they had proved their detractors wrong. Over 1000 biotechnology companies have been set up in the USA alone since the founding of Genentech but very, very few have been as successful