Scorpion Capital goes after Twist Bioscience as latest synbio target, comparing biotech to Theranos
The infamous short seller who went after Ginkgo Bioworks last year has a new target in its sights.
Scorpion Capital released a 236-page report Tuesday morning focused on Twist Bioscience, the synbio startup led by Emily Leproust that’s trading down $TWST more than 27%. The release wiped hundreds of millions of dollars in market capital and almost 67% since January 1.
We are short $TWST Twist Bioscience. Report now live at https://t.co/Osxq0mBnIL. Our third “synthetic biology” short report in a year after $BLI and $DNA. The latest miniaturized “lab-on-a-chip” scam, like Theranos, Berkeley Lights, and other failures – and a ticking time bomb. pic.twitter.com/Eg4HffntQQ
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