Arena Bioworks, Funded with $500m, Folds Less Than 2 Years After Launch
Posted2 months agoActive2 months ago
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Arena BioWorks, a biotech startup funded with $500M, shut down less than 2 years after launch, citing 'biotech macro conditions', sparking skepticism about the value created during its short lifespan.
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Mhm. $500M is a lot of cash to burn… did they make anything worthwhile?