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Biotech investing has 50 misses for every hit. You don't have to recoup the cost of this particular investment, you have to recoup the costs that went into all
by bpodgursky 5y ago
Biotech investing has 50 misses for every hit. You don't have to recoup the cost of this particular investment, you have to recoup the costs that went into all the gambles that didn't pay off.
(unless you want that investor money to go into some stupid smartphone game instead, which is absolutely what will happen if you destroy the profitability of breakthrough vaccine improvements)