I invest in early-stage biotech and write about how drugs actually get made — the trial machinery, the cost of a patient, and why so much of it now runs through China.
2026
Aug 06 Superpower FIG Biomarkers are consumer lead generators. Aug 06 Oura FIG Consumer devices are on their way. Jul 15 Where the money actually goes in a clinical trial FIG A new drug is said to cost about two billion dollars. Follow a hundred companies through the pipeline and you can see why — and it isn't the science that's expensive, it's the failure.