Bad Vibes at the Biotech Industry’s Major Conference

Hi, it’s Drew and Angelica. We spent last week at BIO in San Diego, the biotech industry’s annual gathering. The bear market has nobody feeling great, and they’re worried more than ever about losing access to new capital. But first...

Before crypto winter, before the bear market, biotech was already taking a hit. A key stock index for the sector had fallen more than 60% from its February 2021 peak, while IPOs have ground to a halt – and now people are starting to get nervous.