✉news BusinessStartups first seen 4 h ago, last 29 min ago, peak #5
Immunotherapy startup Adecto shuts down, blaming risk-averse funding
Original: Immmunotherapy startup Adecto blames ‘risk-adverse funding environment’ for closing down
Immunotherapy startup Adecto has closed down, with the company pointing to a 'risk-adverse funding environment' as the reason for its collapse. The closure underscores growing pressure on early-stage biotech firms as investors pull back from risky drug development bets, raising concerns about how many promising treatments may stall for lack of capital.
Why now: Biotech funding has tightened, and the startup's public blame of investors highlights wider worries about the sector's ability to raise money.
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- Immmunotherapy startup Adecto blames ‘risk-adverse funding environment’ for closing down · Fierce Biotech
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