Genetic Savings & Clone which is into selling of cloned pets is wrapping up its business due to less demand for cloned cats. In a last attempt to boost its sales the company drastically reduced the prices of the cats from $50,000 to $32,000 but it didn’t work.

The company has stopped accepting orders stating that they could not clone pets to the point where it could be commercially viable. The company has closed down and has returned the cloning fees.

The company was founded by billionaire John Sperling who wanted to clone his hunting dog, Missy .The company formed in 2000 was able to clone only two cats and had received severe criticism for creating them.