May 10, 2004

BAD NEWS FOR THE NANOTECHNOLOGY INDUSTRY:

May 10 (Bloomberg) — Swiss Reinsurance Co., the world’s No.2 reinsurer, said insurers may need to reconsider covering some products that use so-called nanotechnology, weeks after a study on fish raised health concerns about new developments in the field.

Though the toxic-buckyball study is dubious, and its connection to nanotechnology somewhat attenuated, as I mentioned earlier, the nanotech industry’s PR strategy has made this sort of response inevitable.

UPDATE: Here’s a link to the actual report.

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