Always the Same Warning Signs

Laronde, a biotech firm that received hundreds of millions of dollars in funding for its circular-mRNA technology, has been accused of withholding important data and misleading investors. The company claimed to have strong results in animal model experiments, but no other lab has been able to replicate these findings, and many of the raw data points are missing. Colleagues have pressed the lab head involved for access to more information, but have been refused. Experts are pointing to the similarities between Laronde and Theranos, companies that share the same habit of mind and similar corporate cultures.

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