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“Which basically you can just see where America stands in…” — The a16z Show at 10:18

“Which basically you can just see where America stands in terms of running clinical trials. Most of our clinical trial pipeline is in phase twos. That's often where things fail. In phase one, they often fail too. I mean, every step, there are a lot of failures. And what's the total rate? Like if you take, of all the…”

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