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A scientist lowers biological samples into a liquid nitrogen storage tank at the Cancer Research UK Cambridge Institute.This story is available exclusively to Insider subscribers.Cancer startups have been the drug industry's darling, nabbing the majority of VC dollars in the last couple of years.
In particular, there's too much focus on therapies that are paired with blockbuster drugs like Keytruda, they told Insider. That's a boon for patients, who have more options for treatment than ever before and are living longer as a result. But it's also been an opportunity for investors. biggest recipient of venture capital dollars
But, investors at top firms like Perceptive Advisors, RTW Investments and venBio are starting to feel there's an overabundance of cancer startups, particularly ones trying to piggyback on blockbuster drugs like Keytruda.
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