Funding28 Apr 2024 10:55
Interesting article in the Times today, about Zandy Forbes, the eccentric CEO of MeiraGTx, another promising UK biotech. Her comments resonate here;
“Would she have floated on the LSE, if she had her time again? Absolutely not, she says. Small biotechs are risky, “money-burning endeavours,” she says. Meira, for example, invests in developing new medicines, but does not sell any treatments to patients yet.
While US pension funds and hedge funds have spent two decades gaining expertise in how to evaluate and invest in such drug developers, UK investors are simply not prepared to fund those risks.”
And as we’ve found out !