Girişimci Kafası archive

Biotechnology

Biotechnology: the closure stories and lessons of 18 startups.

Startups1,744
Known capital burned$78.6 billion
Average lifespan10.4 years
Most common causeRan out of cash
Countries81
Biggest lossNorthvolt ($14 billion)
Former unicorns97 ($401.4 billion)

18 startups

Closed2012 – 2025

Benson Hill

It set out to rewrite soybean genetics with data, bought and sold plants, and left its stock worthless

UnicornUnited States$282.3 millionRan out of cash
Closed2019 – 2023

54gene

A Nigerian start-up that set out to open up Africans' genomic data to drug research

Nigeria$45 millionRan out of cash
Closed2013 – 2023

Zymergen

The company that set out to make materials from microorganisms using genomics and machine learning

UnicornUnited States$876 millionProduct problems
Closed2015 – 2022

Auramer Bio Ltd

New Zealand startup company

New Zealand
Closed2008 – 2019

BioAmber Inc.

BioAmber is a still active company despite opinions listed in the body

Canada
Closed1993 – 2017

Bionor Pharma

Norwegian biotechnology company

Norway
Closed2015 – 2016

Baxalta

Subsidiary of Takada pharmaceuticals

United States
Closed1993 – 2015

Catamaran Corporation

UnitedHealth pharmaceutical benefits management subsidiary now OptimumRX

Canada
Closed1992 – 2015

Cubist Pharmaceuticals

American pharmaceutical company

United States
Closed2005 – 2014

Allozyne

Biotechnology

United States
Closed2000 – 2014

Renovo plc

British biopharmaceutical company

United Kingdom
Closed2000 – 2014

TopoTarget

Danish company

Denmark
Closed1997 – 2013

Maxygen

American biopharmaceutical company

United States
Closed2006 – 2012

Navigenics

Personal genomics company

United States
Closed2009 – 2009

EPIX Pharmaceuticals Inc

American pharmaceutical company

United States
Closed1992 – 2009

Vion Pharmaceuticals, Inc.

Pharmaceutical company in Connecticut, USA

United States
Closed1997 – 2008

IOMAI

Biotech company founded in 1997

United States
Closed1994 – 2008

ViroPharma

American pharmaceutical company

United States

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This section is compiled from public sources (Wikidata, news archives and company announcements). Figures are given as they appear in those sources; unknown fields are left blank. If you spot a mistake in an entry, you can send us a correction.