Investors warn Australian startups working on the forefront of medical research could be pushed to the brink as the coronavirus outbreak puts a squeeze on capital | MsEmmaK
Investors warn Australian startups working on the forefront of medical research could be pushed to the brink as the coronavirus outbreak puts a squeeze on capital.
This includes the fact that many clinical trials have paused in Australia, meaning businesses need to turn back to their investors to secure more capital to keep afloat, he said."I think that you'll see that particularly from high net worth investors, there will be a retreat from this speculative kind of investment," Dr Nave said.
"These pre-revenue companies house priceless talent and intellectual property that could be permanently lost to Australia if they are not able to weather the COVID-19 storm," chief executive Lorraine Chiroiu said on Tuesday.
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