Why do biotech startups fail? Short fast 1 minute answer !

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Technology based startups in biotechnology always faced challenges that threat their investors, supporters and shareholders.

There are a series of common scientific challenges that may initially be overlooked but can determine the success or failure of a young startup. … After postmortems were carried out, failure was usually found to be due to an unwanted product, a lack of cash, and not having the right team, in that order.