Here’s the tale for many startup biotech companies: As they emerge from an incubator or garage, they need more space — but not too much, since they’re trying to focus more pennies of every dollar on research and development, hit the next milestones and charm more investors.
In the Bay Area, this “Goldilocks” quest to find the “just right” space is particularly acute. Lab space — let alone bringing all the needed staff aboard — can be a fairy tale for smaller companies that lack deep credit to go up against bigger public companies.
