Contribute Try STAT+ Today

Most biotech startups are free to tell the world as little or as much as they want about their work or their investor’s expectations. Unlike major pharmaceutical companies, which are legally required to report regularly to tens of thousands of investors, a biotech company’s immediate goals are often hinted at only in intermittent press releases. Usually the emphasis is on announcing an influx of new cash from venture capitalists, not detailing their business plans.

So STAT checked in with four companies that closed an early-stage venture round between July and September of last year. We looked back at what they promised to do with their investors’ money — and what they’ve actually done with it.

Unlock this article by subscribing to STAT+ and enjoy your first 30 days free!


What is it?

STAT+ is STAT's premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.

What's included?

  • Daily reporting and analysis
  • The most comprehensive industry coverage from a powerhouse team of reporters
  • Subscriber-only newsletters
  • Daily newsletters to brief you on the most important industry news of the day
  • STAT+ Conversations
  • Weekly opportunities to engage with our reporters and leading industry experts in live video conversations
  • Exclusive industry events
  • Premium access to subscriber-only networking events around the country
  • The best reporters in the industry
  • The most trusted and well-connected newsroom in the health care industry
  • And much more
  • Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.

Your daily dose of news in health and medicine

Privacy Policy