Re: talking about problems in the biochemistry field in general:
I'm sure that there are lots of problems, and I don't mean to invalidate anyone's points, but on the bright side, genetic sequencing has been getting faster and cheaper FASTER than moore's law predicts. http://www.forbes.com/sites/techonomy/2012/01/12/dna-sequencing-is-now-improving-faster-than-moores-law/
We're ALMOST to the point where we do full-genome sequencing on a tumor biopsy to adjust a patient's chemo drugs. The results unfortunately haven't been reproducible yet, so it's not quite ready for clinical practice, but by golly we're close. It currently costs about $4,000 per genome, and we're less than 10 years after the Human Genome Project which was 13 years and 3 billion dollars for a single genome. One company claims its soon-to-be-released machine will do it in 4-5 days for $900.
Thats mostly engineering, not science.
From Gene Expression by Razib Khan who some of you may also know from the old gnxp site or perhaps from his BHTV debate with Eliezer.
Link to original post.