Bay Area biotech company Synthego, raised $392M, forced into bankruptcy

[randycupertino]

https://www.sfgate.com/tech/article/synthego-after-raising-forced-bankrupcty-20331773.php

[duxup]

Biotech seems to historically require a lot of iterations / failures before breakthroughs happen.

I'm not sure the typical VC "startup" type expectations / speed really lends itself to that kind of business.

[hoseyor]

I wonder if that was private lending/credit. There seems to be a huge issue building in that unregulated space.