Yumanity, the J. Craig Venter Institute, and dozens of other companies around the biotech industry received Paycheck Protection Program loans, according to data disclosed Monday.
The J. Craig Venter Institute got a more than $2 million loan that covered more than 150 employees. Neurodegeneration-focused startup Yumanity Therapeutics received more than $1 million through the program. LabCentral, a Cambridge, Mass., incubator, received about $720,000 from the program. And the American Association of Cancer Research, which held its annual convention virtually this year, received enough from the program to pay more than 200 people.
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No fair for big rich companies to get that money which was to help only small business stay in business.