[Linkpost] “Alvea Wind Down Announcement [Official]” by kyle_fish, greghima, cateycat

After careful consideration, we made the difficult decision to wind Alvea down and return our remaining funds to investors. This decision was the result of many months of experimentation and analysis regarding Alvea's strategy, path to impact, and commercial potential, which ultimately led us to the conclusion that Alvea's overall prospects were not sufficiently compelling to justify the requisite investment of money, time, and energy over the coming years.Alvea started in late 2021 as a moonshot to rapidly develop and deploy a room temperature-stable DNA vaccine candidate against the Omicron wave of COVID-19, and we soon became the fastest startup to take a new drug from founding to a Phase 1 clinical trial. However, we decided to discontinue our lead candidate during the follow-up period of the trial as the case for large-scale impact weakened amidst the evolving pandemic landscape. Over the following year, we explored different applications of our [...] --- First published: November 1st, 2023 Source: https://forum.effectivealtruism.org/posts/3EjExF8HeJbmk4Bp4/alvea-wind-down-announcement-official Linkpost URL:https://www.alvea.bio/winddown/ --- Narrated by TYPE III AUDIO.