The biotech financing environment appears poised to remain a top concern for young start-up companies, which are having to make difficult decisions about capital allocation. The number of biotechs that are down to one or two years of cash is eye-catching, according to a new report from the consulting firm EY covering the state of the biotech industry.
Cash Runways Dry Up, Creating A ‘Complex’ Road Ahead For Biotech
EY Beyond Borders Report Highlights Cash Drought
More than half of emerging biotech companies have less than two years of cash to fund operations, according to EY’s Beyond Borders report.
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