There are about as many Americans living with addiction as there are Americans living with cancer — but you wouldn’t know it based on the world of venture capital. In the past decade, investment firms have poured roughly 270 times more money into developing cancer drugs than addiction cures, according to a new report from BIO, the biotechnology industry trade group. When it comes to opioid addiction in particular, there’s a simple reason for the lack of investment, according to David Thomas, BIO’s vice president of industry research: There aren’t many potential new drugs to invest in.
Read the full article: Venture Capital Is Investing Little in New Treatment for Addiction, Report Finds //
Source: https://www.statnews.com/2023/02/02/investment-addiction-cures-low-report