The COVID-19 pandemic has changed our lives in unexpected ways. We shop differently, eat at restaurants less, and have limited our travel. Businesses have been impacted significantly with leadership learning how to effectively manage a distributed workforce. Business leaders are also re-thinking their strategies and adjusting their plans and expectations.
The pharmaceutical industry appears to be experiencing a shift in resources to more urgent, immediate needs related to the pandemic, leaving emerging biotech companies short on resources to even get through the remainder of the year. As much as 90% of you are scaling back your plans and reducing your valuations.
At Pii we know that your scaled back projects are more than projects. They are promising therapies and somewhere a patient has planned for your success. That is the reason for this grant!