For a life science company, earning the first dollar can be incredibly difficult.
It takes years to go through FDA trials, and then there’s the challenge of getting doctors and hospitals to buy your new drug, treatment or medical device. So to support a life science company during what some refer to as the “valley of death” usually requires several rounds of capital raises just to keep the lights on.
That’s why Castle Biosciences Inc. puts every bit of cash to good use.
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