Thats a very One sided view. Biotech is overly regulated today (for good reasons). Because of that the entrance barrier is very high. It costs a lot more money

Thats a very One sided view. Biotech is overly regulated today (for good reasons). Because of that the entrance barrier is very high. It costs a lot more money today to start and run a biotech company. To run a clinical trial for FDA submission process will cost you from several $ million to $ 100+million. To bring a drug to the market is ~$1B. Only big guys with deep pockets can afford the expenses. If anything biotech is getting consolidated and monopolized (similar to tech world where FANG own everything) just like the rest of the industries. My prognostication for next 20 years - big pharma and a few other biotech giants will own everything promising in the biotech world.