Latest / The BioHub - by Avetix / Episode 217 - Kristen Wong - Partner Altitude VC
Transcript
- 0:05So welcome back to another episode of the Bio Hub and
- 0:09Avetix podcasts. Today I'm joined by Kristen
- 0:12Wong, partner at Altitude Life Science Ventures.
- 0:15Kristen brings more than 15 years of experience across life
- 0:18sciences, having worked both large pharma and venture
- 0:21capital. Before joining Altitude, she
- 0:24held a series of roles at Bayer and today focused on investing
- 0:27in emerging technologies. Altitude Life Science Ventures
- 0:31is an early stage venture fund focused on backing innovative
- 0:35life science companies. Now in this conversation, we'll
- 0:38discuss Kristen's journey from farmer into VC, what Altitude
- 0:42looks for in founders and technologies, the growing role
- 0:45of AI in healthcare, and where she's the she sees the most
- 0:49exciting opportunities emerging across life sciences.
- 0:52Pleasure to have you, Kristen, How are you?
- 0:55Hello, thanks so much for having me.
- 0:57No, it's honestly it's a pleasure.
- 1:01I just want to, before we get into altitude, I just want to
- 1:05talk about your background because you now spend time both
- 1:09operating inside large pharma and and investing in startups.
- 1:14What originally attracted you to VC and also what did the
- 1:18transition teach you? Yeah, so I studied biology at
- 1:22Stanford because I really wanted to be close to like the science
- 1:25and medicine in general. And I guess after that I started
- 1:31working for Bayer for about 3 years because I really wanted
- 1:34some like industry experience and just to really understand
- 1:37how drugs were actually getting made and not just like read
- 1:40about it 'cause I feel like I had been doing a lot about that
- 1:43and during school. But I would say like pretty
- 1:46quickly I kind of like noticed something like I was good at the
- 1:49job, but I just didn't really feel like it was enough.
- 1:52Like, not because like the company wasn't enough, just I
- 1:56would say it's because when I felt like the scope was
- 1:58enormous, but I just couldn't see like my edges in it.
- 2:01So I just really wanted to kind of like see what difference I
- 2:06was actually making. And back then, I think I was, I
- 2:11was, I had a dinner with a couple of friends and I think
- 2:15one of them said like almost in passing, like, have you ever
- 2:18thought of venture capital? And at that point, I really
- 2:22hadn't. But that question really stuck
- 2:24with me. So I think what pulled me in
- 2:27wasn't the finance side, like it was sort of the access, like the
- 2:32idea that inside of like just like being inside of like a
- 2:36company's pipeline where you could see like so many different
- 2:39companies, like so many different founders, like a
- 2:42putting like a ton of bets, like all at the same time.
- 2:45And it was like really like the breath of it was the thing.
- 2:49It wasn't like just like trying to like get the returned or like
- 2:52prestige or anything like that. It was just like really being
- 2:55able to have like real contact with ideas at the moment that
- 3:00they're most alive before like anyone would even know that
- 3:04they'll even work. And I think that transition
- 3:08taught me was that like the operating experience gives you
- 3:11something that I think like pure finance people like don't
- 3:14necessarily have. Like I would say like I knew
- 3:17what a functional lab actually looked like and like what
- 3:21manufacturing looked like. And I knew what like a real
- 3:24scientific program and like other manufacturing plant
- 3:28actually required versus what just sounds like good in like a
- 3:31pitch deck. And I think that grounding is
- 3:35what I brought into venture that a lot of like analysts didn't
- 3:39have at that time. So I wasn't just like reading a
- 3:42slide, like I feel like I could evaluate the science and like
- 3:45the process behind it. Yeah.
- 3:47What? What do you think it was about
- 3:49you that made that person recommend VC to you?
- 3:55I think it was just, I think just coming from maybe just like
- 3:59probably the Stanford and just like that side of things, I feel
- 4:02like a lot of people just are. I think everyone just really
- 4:06wants to be an entrepreneur. And I think at that time I was
- 4:08always like trying to come up with like different ideas and
- 4:11just like find like new things. Like, even though I was like
- 4:14working for like a big pharma at the time, like I feel like I was
- 4:17always like trying to come up with like something else or just
- 4:20like always like look for new things.
- 4:22And I feel like it's, I feel like I was always just like
- 4:25trying to come up with, I don't know, just like, I guess a lot
- 4:29of different ideas. But maybe because I always like
- 4:33wanted to evaluate a lot of different things at the same
- 4:36time. So I think it, maybe it was just
- 4:37like me being kind of like ADD and just like wanting to do a
- 4:40lot of stuff. And they're like, oh, maybe it's
- 4:42like looking working for like 1 big company or even like one
- 4:46startup might not be like the right fit just because I wanted
- 4:50to like have like so many different like hands in like
- 4:54different pockets at the same time that.
- 4:55Makes sense. And then what?
- 4:58What was the transition like from them big pharma into into
- 5:01what is a small venture firm? Yeah, it was quite a big
- 5:07difference because I feel like just it was because at the time,
- 5:12like big pharma, you just see like one thing happening every
- 5:18single day and you're doing like minor transitions.
- 5:22Like it might be like one thing happens when you're doing the
- 5:25manufacturing and you're like, wow, that just absolutely did
- 5:27not work. Now we need to go and start
- 5:29evaluating what went wrong during that that day of
- 5:34manufacturing. And then you're just like
- 5:37working with so many different teams at once and you're just
- 5:41going through, it could be like the engineering, it could be
- 5:43that those the people that are on the manufacturing floor and
- 5:47you're just like really just trying to evaluate and just like
- 5:50come up with like the different fixes for that.
- 5:52And then you're going through the the whole bureaucratic
- 5:55process of, OK, we need to make all these things we're changing.
- 5:58SO. PS And then we're just, I would
- 6:01say it's just like a lot of that every single day versus going
- 6:05into venture where you're just like, I would say at the time,
- 6:08like we're just like talking with so many different companies
- 6:12at once. Like every single day.
- 6:14It was like it could be different, like board meeting.
- 6:16And I would always be if they're like listening it in on it or
- 6:19going in and like chatting with the founders and just like
- 6:23listening because at the time, like, like my GP, there was like
- 6:27always like bringing me into these conversations and just
- 6:29like letting me listen into everything.
- 6:31So it's always just like hearing what all these companies were
- 6:35just like, what do you want? What do you want to look like?
- 6:38I guess when you're just growing and you're just like, what kinds
- 6:43of experiments should you be doing to even become like the
- 6:47company, like bear later on when you're when you're just like,
- 6:51what does the the final like manufacturing really look like?
- 6:54Yeah. And then I, you know, once
- 6:57you've made your mind up about VC, that then comes the hard
- 7:00part, right? Like, how do you break into VC,
- 7:04which a lot of people aspire to do?
- 7:08How do you think you did it? And then like, what?
- 7:10What do you think most people get wrong when trying to break
- 7:13into VC? Yeah, so I actually wrote about
- 7:17this recently in my sub stack, Like I was always saying, like
- 7:20there is no front door, like there's barely a side door.
- 7:24And I think the people that a lot of people get wrong is that
- 7:27they're spending all of their time looking for the door
- 7:30instead of like trying to build a thing that makes someone want
- 7:33to open it for them. So I'd say like the typical path
- 7:37is like going to like a name brand school, like having like
- 7:40the banking analyst seat doing and going to a really good like
- 7:44MBA program. And then you move like laterally
- 7:47into a fund. And that exists.
- 7:50And it definitely works for a lot of people.
- 7:52And I think that that part optimizes for credentials.
- 7:56And I think when you're actually in the job, like the credentials
- 7:59are not what the job requires. And so like for me, like I
- 8:03didn't come from banking and I didn't go to like a name brand
- 8:06like MBA program. Like I studied biology at
- 8:10Stanford, worked for Bayer and then got into Venture because I
- 8:13think I had like the three years of operating experience.
- 8:17And I think that part really let me evaluate the science behind a
- 8:21pitch deck. And I think that really mattered
- 8:24more than like any credential on my resume.
- 8:28And in general, like I think the job is forming A conviction
- 8:32before the pattern exists. Like you're looking at a company
- 8:35that might not work. And I mean, in venture, like it
- 8:38probably won't work just based on like the percentages and
- 8:42you're deciding to whether to back it anyways.
- 8:46And I think that's like a completely different muscle than
- 8:49what you can build like in like a banking seat or just like
- 8:53studying this in like a case study classroom.
- 8:56And you really can't necessarily teach it.
- 8:59So you just build this through like proximity and just like
- 9:01being close enough to like seeing like the real decisions
- 9:05on just like seeing how they actually get made.
- 9:09So I would say like, just like watching founders, like handle
- 9:11the pressure and just like watching companies succeed and
- 9:14fail up close. So in general, like I would say
- 9:17like I always tell people to like stop optimizing for like 1
- 9:21path and just like start trying to do like all of it at once.
- 9:25Like apply absolutely everywhere.
- 9:26So like if you're like in college or something, like
- 9:29you're doing like a ton of like internships, I guess even like
- 9:33in like high school too. But then like once you're
- 9:35graduating, it's like get into like the operating roles, like
- 9:38anything that like gets you into a like inside the company and
- 9:43you're seeing like how like real decisions are getting made.
- 9:47And like for me, like I applied absolutely everywhere.
- 9:50And I also was like talking to everybody, like I was talking to
- 9:53doctors, like buy and like buy and sell like a side analysts.
- 9:59It was like talking to different startups, like and like
- 10:02different lab techs. And I would say like the volume
- 10:05matters because like every interview or like every
- 10:08conversation, just like it teaches you something about what
- 10:11the work actually feels like inside.
- 10:14And I would say you like start to recognize where environments
- 10:18fit before you've ever gotten the job.
- 10:21And I guess also for like the VC, especially like in like the
- 10:26life sciences side, like get the operational experience, like
- 10:30work at like biotechs, like work in pharma, work in a startup.
- 10:33Like it almost doesn't matter from like at the beginning just
- 10:37because I think it's like more important to like see how the
- 10:41different like I guess how did the different decisions get
- 10:45made? So I would say like my years at
- 10:47Bay are really like the reason that I even got considered for
- 10:51this and not just the degree. And yeah, just like seeing how
- 10:55like real scientific and commercial decisions get made.
- 10:59And yeah, so I mean, in general, like if you want to show like
- 11:03your judgement to someone with like the hiring power, then make
- 11:06it. You could make it visible like
- 11:08you can write your analysis of a company that you find
- 11:11interesting. And I really think that's like
- 11:13kind of like the layer on top, like it never would replace the
- 11:16experience, but just like making the experience like legible to
- 11:20someone who like hasn't actually like watched you do the work
- 11:24before. So it's just like combining like
- 11:26the operational like reps plus like some visible thinking.
- 11:29And I think that's like what can really open like the door to
- 11:33you. And like, either one alone, like
- 11:35isn't enough. No, I agree like massively and I
- 11:39think the other aspects of VC that people find really
- 11:42interesting. It's just the the decision
- 11:44making process with every opportunity We spoke about this
- 11:49last time that you you talked about.
- 11:53Can you just tell us what happened and how the decision
- 11:55then shaped the way you then thought about investing in the
- 11:58future? Yeah, yeah.
- 12:01So a couple of years ago, I got really into like the whole DNA
- 12:05like data storage side of things.
- 12:07And I mean, the whole like, idea just kind of sounds like it's
- 12:09made-up, but I promise that is real.
- 12:12But yeah, so you, like, think about, you take like all this
- 12:15like digital data that would fill up like different like
- 12:18server racks the size of like football fields.
- 12:21And then you can like store this into the size of like a sugar
- 12:24cube and it can sit at room temperature like you no cooling
- 12:28needed, no power and it doesn't degrade.
- 12:31So it was like it was definitely like I always had a question of
- 12:35like whether anyone could actually build it at something
- 12:38that like runs at scale. So at the time I could found
- 12:41this company catalog. So they had like real patents,
- 12:46like real machines, like real progress.
- 12:48And they spent a ton of time just like with the team and like
- 12:51the science was sound and the opportunity was enormous.
- 12:55And I genuinely like them but passed.
- 12:59So I would say it was like, it wasn't like 1 disqualifying flaw
- 13:03for it. It was just like the timing.
- 13:05And just so like it had so many like open questions.
- 13:08So like there were real like unknowns about like which
- 13:11applications would prove out first.
- 13:13And like how the technology road map would really like sequence
- 13:16out. And the valuation at the time
- 13:18had already like risen to a point where like the price of it
- 13:22just like could no longer match like the amount of uncertainty
- 13:26that I had at the time. So like, sometimes like a
- 13:29company is good, but just like the moment and is just like what
- 13:33I guess is still wrong. And the distinction I think
- 13:37matters more than like what people think.
- 13:39Like passing on a company that you don't believe in is really
- 13:43easy, but passing on one that you genuinely admire just
- 13:46because it could be like the wrong entry point or price or
- 13:50just like too many questions at the time.
- 13:52I think it's like the harder disciplines in the job.
- 13:55And I think that's like where a lot of like the judgement
- 13:57actually lives. So I don't know, I really
- 14:01believed in the underlying thesis, so I kept just like
- 14:04following it. And so like the DNA storage,
- 14:07like you, it requires synthetic DNA produced at scale like with
- 14:11like high accuracy and just like low error rates.
- 14:14So I would say that capability. So it's like upstream of storage
- 14:19and like a lot of like other, other like applications.
- 14:23So while catalog was downstream, I started looking like different
- 14:26companies that were upstream of this and on the production of
- 14:30synthetic DNA. And at the time I was introduced
- 14:35to a team that was, they were very scrappy.
- 14:38They were like super technical and they're really good at
- 14:41explaining it, what they were building and why it mattered.
- 14:44So yeah, I back them and I would say like, that's definitely an
- 14:48investment that I'm proud of. But I mean, the point is not
- 14:52that I picked correctly, like we still don't know.
- 14:55But I would say like the point is just like the judgement and
- 14:58the job is not about like just like one company.
- 15:01It's like about tracking a thesis over time.
- 15:04And I would say like you figure it out like what you're actually
- 15:07looking for. And then you might walk away
- 15:09from a company that you like when the timing is wrong, but
- 15:13you just stay like close enough to the space that sometimes like
- 15:17the right entry point will come up where and it might be just
- 15:20like something adjacent. But if you can recognize that, I
- 15:23think that's like the muscle that you're working and like
- 15:26over time. And I think that's not something
- 15:28you can like build in a classroom.
- 15:30And it's just like something that you can really just like
- 15:33build over the years of like working in it.
- 15:35Yeah. You mentioned sort of the
- 15:38qualities of the people then as well, like that scrappiness,
- 15:40Like what generally are you looking for in these founders?
- 15:46Yeah, just like I would say like, well, definitely the
- 15:49scrappiness and being able to just like pivot over time if, if
- 15:52needed. But I would say it's also just
- 15:54like the ability to communicate from, from the very first
- 15:58conversation, like not just like being like whether they're
- 16:01polished or anything like that, but it's like really being able
- 16:04to explain like what they're building and like why it
- 16:07matters, like what they need. And just like, and in a way that
- 16:11it just like draws you into it and it makes you want to be part
- 16:14of whatever mission that they're building.
- 16:16So in general, like, I would say like the conversation isn't like
- 16:19a soft skill in the job. Like it's really like the
- 16:23mechanism on how like founders can like really like they raise
- 16:26capital, they're bringing in talent, they're managing their
- 16:29board and like, like aligning like the whole team.
- 16:33And I would say like the founder who can't communicate clearly
- 16:37will definitely struggle at all four of these things, like, no
- 16:41matter how strong like the technology is.
- 16:44So yeah, I would say like it's really, really important in life
- 16:48sciences, especially like when the science is is genuinely hard
- 16:52and it has to just like translate over like a bunch of
- 16:55like different audiences. Like it could be like a really
- 16:57like technical VC or could be like like on the tech side, or
- 17:01it could be like on the science side.
- 17:02And you just like like a brilliant scientist to who can't
- 17:06make the company like legible to investors.
- 17:09Like we'll definitely struggle and like one that can do both is
- 17:13like really rare. And I would say like, definitely
- 17:14like worth backing, let's say second is just like really like
- 17:20the EQ under pressure. And just like the one that I, I
- 17:24would say like this is like really hard to find.
- 17:26Like like just like, because it's not something you can never
- 17:29like see under credentials. So you could have like a perfect
- 17:33resume and still like completely fall apart when something goes
- 17:37wrong and something like always goes wrong.
- 17:39So it's just like, what can they do when it does probably last?
- 17:45But I would say just like being able to be coached, like not the
- 17:49deference at all. Like I would say like you
- 17:50definitely don't want a founder that who like agrees with like
- 17:53everything that a board says. But it's like being able to like
- 17:57have their own view, like take input that take input that
- 18:02challenges it. And it's like update it when the
- 18:05input is better than like what their original position is.
- 18:09So I'd say like founders who like treat every feedback as
- 18:12like an attack is definitely unworkable, but the founders
- 18:16that can like treat every like piece of feedback as an
- 18:19instruction are also unworkable. So it's just kind of having like
- 18:22a balance of all of this. Yeah, there's other aspects as
- 18:27well, right, that are especially hard at the moment.
- 18:31You take AI for example, that's become a big buzzword across the
- 18:35industry and there's a lot of hype.
- 18:38How do you how do you then look at an opportunity that's talking
- 18:41a lot about AI and say, you know, is this hype or is this
- 18:47real sort of thing? Yeah, we're seeing so much of
- 18:52this in our deal flow right now. And I would say that split is
- 18:54like pretty clear at this time. Like there's a lot of companies
- 18:58where AI is like the actual engine and like where the model
- 19:01is like doing something that couldn't be done without it.
- 19:04Like say like you're designing a novel protein from scratch and
- 19:07like running thousands of experiments like autonomously.
- 19:10And that's definitely real. And that's where we're we're
- 19:12investing and they're companies where AI is like in the pitch
- 19:16deck, but not necessarily in the product.
- 19:19Like when you have like a machine learning team and they
- 19:22have the language. But if you pull the AI out of
- 19:26that and you see that the company still works like roughly
- 19:30in the same way. Like then you're saying, OK,
- 19:32that's just a wrapper. Like you see, you see that quite
- 19:35a bit actually. And that's like, definitely like
- 19:37the fastest way to lose like VC, like attention in a meeting.
- 19:42And like, I would say like the question that we're like trying
- 19:44to ask is like, what can this company do that was like
- 19:48literally impossible, like say like 3 years ago.
- 19:51And if the answer is just like, oh, we're like designing like
- 19:56what everyone else does. But it's just like faster.
- 19:59Like I would say that's like just an incremental change.
- 20:02But if like the answer that they're really giving is like
- 20:05we're designing molecules that have never existed before, or we
- 20:09can like run like thousands of experiments in the time that it
- 20:13used to take to run like say, ten of these, I would say like
- 20:16that's where like the real value is and like where we want to be.
- 20:20That's interesting. Yeah, that's really interesting.
- 20:24You you've recently started writing more openly about
- 20:28venture capital, finance and and generally just some of the
- 20:31realities of the industry, which is why I was really excited to
- 20:36get you on. But like what, what motivated
- 20:38you to do that originally and what, what conversations do you
- 20:42think the industry still avoids having that you're you're being
- 20:46pretty open about? Yeah.
- 20:50So I'd say like I would say like the honest trigger was just like
- 20:53noticing that there was like a big gap between what I think and
- 20:56what I was like willing to say out loud.
- 20:58And to see that gap was like getting wider the longer that I
- 21:01was like staying in industry. So like after like a decade in
- 21:06like I just had like a whole things that I just like, OK, I
- 21:09was like, OK, there's this is just like a choice that I was
- 21:12making and not like constraint that anyone anyone was like
- 21:14imposing. And I would say that just like
- 21:17women in finance hedge constantly.
- 21:19Like we soften the opinion or we qualify the take and we make
- 21:23sure that like no one in the room really like feels
- 21:25challenged by what we're saying. And I would say that cost is
- 21:28really that like no one really understands like what you think,
- 21:32including like yourself after a while.
- 21:34And I would say like writing was just like an exercise of like
- 21:37trying to reverse that and just like just saying like what?
- 21:41Just like saying what I really thought like in public and with
- 21:44my name on it. And just like, I wanted to see
- 21:46like what happened. And I would say, like, what
- 21:49surprised me is that what I was like most nervous to say got the
- 21:54strongest response. And I had this essay where I was
- 21:58saying that my firm paid for my MBA and I still really don't use
- 22:02any of it. And I think that got like over
- 22:05like 130,000 like impressions on LinkedIn.
- 22:07And and not because like the take was radical, but I think it
- 22:10was just because like, it was like something that a lot of
- 22:12people didn't want to say. I think one of the other
- 22:17conversations that the industry like avoids is that, or at least
- 22:22it was like, I would say it's like under explored is I would
- 22:24say like a founder transition problem.
- 22:27So I'd say like a lot of founders who start a company are
- 22:30not always the right ones to scale it.
- 22:32And it's definitely not like a criticism like whatsoever.
- 22:36But I would say, like some of the best founders that I've ever
- 22:39like met or like worked with are ones that I would say they know
- 22:42that about themselves, that they're like exceptional from
- 22:45like 0 to 1 and like say like after like 18 months or so, like
- 22:49they hand the company to someone else that can build the company
- 22:53from like the longer climb and just something new.
- 22:56And they're like professional company starters.
- 23:00And they're like, they're just great at that part.
- 23:03And I think it's like one of the most important piece of
- 23:05judgement that an investor develops.
- 23:08I think another conversation that people really avoid is how
- 23:14the industry talks about loss because like every VC has
- 23:17companies that didn't work and like hardly anyone wants to talk
- 23:21about just like the ones that just like that failed and no one
- 23:27explains like what they learn from this.
- 23:29And I would say the winds always get the case studies and the
- 23:33losses are silenced. Like they always like I would
- 23:36say like something I always say is like the the dead don't
- 23:39speak. And I would say like, it's just
- 23:41like the science makes the silence of that just like makes
- 23:45the whole industry Dumber because I think that's like
- 23:48really where the actual learning happens.
- 23:51So like I haven't actually written about like an essay
- 23:55about that yet, but I will. So a sub SEC is called like
- 23:59Kristen Wong and just my name. And I just try to talk about
- 24:03like the unhedged version of like how the industry actually
- 24:06works. And I would say like the thing
- 24:08that I would say, just like the learning that I would say is
- 24:13that everything that I'm afraid to say, it ends up like, it
- 24:17turns out that like other people were thinking like the same
- 24:20thing too. And just like waiting for
- 24:22someone else really just to go first.
- 24:24I. Couldn't agree with that more.
- 24:26If you're not following Kristen like it definitely do because
- 24:30you know, you come up with some some Nuggets that like people
- 24:34like you say, are generally thinking about but are too
- 24:37scared to say. But look, Kristen, it's been,
- 24:40it's been so good to have you on.
- 24:42This actually brings us to the final question, which is what I
- 24:45ask every guest. If you could have dinner with
- 24:49any scientist or innovator, past or present, who would it be and
- 24:52why? I would say, I would say one of
- 24:59the people that would I would have like dinner with, I would
- 25:03say it's probably like my biggest inspiration that I've
- 25:06had over like the last few years.
- 25:08It's not a scientist, but his name was like I guess was
- 25:13Alistair Urquhart. And I think a lot of people have
- 25:17not heard about him ever. And he was this like Scottish
- 25:21soldier that was drafted at like he was 19 and he survived like
- 25:26the death railway, like the sinking of like a Japanese hell
- 25:30ship. And then he was like five days
- 25:32alone on a raft and also survive like the atomic blast at
- 25:36Nagasaki. So I'd heard about him on the
- 25:40Founders podcast. And they say, like, listen to
- 25:44this when you're stressed. And I was like, OK, I did that
- 25:48like one of the days, like I was very stressed out.
- 25:50And I was like, OK, nevermind. Like absolutely nothing even
- 25:55close to this. But I think when they had
- 25:59interviewed this man, he's had said something that really stuck
- 26:04with me, where he said that he had seen two soldiers in the
- 26:09same condition and one would die and one would make it, and the
- 26:13only difference was willpower. And so I would say like, I keep
- 26:18thinking about this like when I'm evaluating founders and I
- 26:22guess also if I'm stressed out, but the ability to like keep
- 26:26thinking clearly when every condition like tells you to stop
- 26:30is really, I think the quality that separates like the ones
- 26:33that will make it. And so I'd say like, he's
- 26:36definitely the person I'd want to sit with.
- 26:39And because I think he like had held on to that belief for like,
- 26:43I think like 1300 days or something like that.
- 26:47And just I just would want to understand like just how I.
- 26:52Think that's such a good answer. Obviously not one we've had
- 26:55before as well, but like really good in terms of mindset to
- 26:59think about for sure. Lord, it's been an absolute
- 27:02pleasure. Pleasure to have you on,
- 27:03Kristen. Oh, thank you so much.
- 27:06It's it's always been wonderful. Everyone please like and
- 27:11subscribe to the Bio hub and and thank you so much again.
- 27:14Yeah. Thank you so much.