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The California Stem Cell Report
The 'Biotech Doom Loop,' Paralysis and Exhaustion

The 'Biotech Doom Loop,' Paralysis and Exhaustion

What scares the 'most feared man' in biotech

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David Jensen
Apr 11, 2025
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The California Stem Cell Report
The 'Biotech Doom Loop,' Paralysis and Exhaustion
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Adam Feuerstein in a STAT illustration. Graphic by Aram Boghosian for STAT.

The man who is regarded by some as “the most feared man in biotech” wrote this week about what he calls the industry’s “doom loop.”

It “remains the scariest biotech market I can recall since the 2008 global financial crisis,” wrote Adam Feuerstein of STAT, the respected biomedical…

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