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Psycho Marketing
Say what you will about the nascent field of legal hallucinogens, we should all be able to agree that they are probably not the types of products we want to make freely available to children.
And along those lines, we also probably shouldn’t be slapping a psychedelic drug maker's branding on our babies any more than we should be putting them in Coors Light onesies.
But perhaps more importantly - merch??? Amateurs.
Quite the Opposite
The tough biotech funding era continues apace, and there is no shortage of bigwigs ready to get some airtime talking about it. Latest is an investor who, while talking about the biotech industry suggested “Hope is not a strategy”.
He must be new to the field.
By The Way
Normal: issuing a press release on the progress of your clinical program.
Not normal: ending the release with a “by the way, quick reminder that we are going out of business”.
Biotech Tribunal
Can you call yourself a biotech company if your top four employees have backgrounds at McKinsey, Lehman Brothers, Google & VMware? The choice really seems to position you as more of a financial/marketing organization. That company does have scientists in the C-Suite, but leading with those non-science people is pretty telling.
Looking at the website, it’s not clear what type of company it even is. Seems to be a wide-ranging diagnostic clinic that may also offer at-home genetic testing. So more like a medical facility? Indeed, they received $19M in funding in 2021 and promptly spent $10M+ of it to buy clinics.
Maybe it was a real estate play all along?
Verdict: Not a Biotech
Toilet-Free Alcohol Removal
A new drink claims to actively reduce blood alcohol content and now has a placebo-controlled trial to back it up. In the study, participants drank alcohol for an hour, waited 30 minutes, then drank 6 ounces of SafetyShot and waited another 30 minutes.
After all that, average reduction in BAC for those drinking the SafetyShot was 0.79% while it was only 0.10% for the control group.
This is not to say it will truly sober you up, but once the festivities end and there is no point in adding to your morning pain, drinking something like this could at least roll back your after-effects a little. Definitely an interesting product and something to watch.
Old Crow Medicine
If you happened across a drug company called GI Innovations, you would presume they are working on, oh we don't know, maybe gastrointestinal innovations?
However, if you were told they were working really on oncology and allergies, you’d probably have at least one major question, which we are happy to answer:
“G: indicates the mother crow and the baby crows being together in the nest.
I: indicates a fully grown baby crow flying toward the mother crow at the top with food.”
Of course. It's so obvious in hindsight.
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