I have commented on this in the past, but I have worked in the lab industry. It is very highly regulated, and what is happening now is exactly what should have been expected. The bottom line in the lab industry is you can market yourself however you want, claim whatever tech, but it is completely worthless unless you can get it FDA approved which is not easy.<p>Suddenly a company that looks like a Kickstarter page has the valuation of companies like Quest Diagnositics. A problem here and in some investment circles is that people think every industry is ripe for disruption from some whiz kid but it is not always true. The lab industry is very competitive, and HMOs drive the margins down a lot.