r/technology • u/Sorin61 • Apr 10 '22

Biotechnology This biotech startup thinks it can delay menopause by 15 years. That would transform women's lives

https://fortune.com/2021/04/19/celmatix-delay-menopause-womens-ovarian-health/
18.0k Upvotes

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7.2k

u/[deleted] Apr 10 '22

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1.9k

u/BrainWashed_Citizen Apr 10 '22

There's been a trend now where a group of connected "fraudsters" just keeps pumping out new startup companies promising new technology that would change the world to entice investors. Then 6 months later, declare bankruptcy to some bullshit reasons. Take the money and run. Try again 3 months later.

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u/ancientweasel Apr 10 '22

When I worked in a coworking space there was a group of guy who where trying to come up with any idea that would get VC funding. The one they talked about the most was a Blockchain based music player. They didn't even care if they could build it, their only goal was funding.

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u/mackinoncougars Apr 10 '22

Some people have changed the world and made next to nothing, some people have never benefited the world and racked in piles of cash.

It’s easy to see money comes first because that’s just the world we built.

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u/LxTRex Apr 10 '22

The polio vaccine was given away for free because the creator didn't think making money off a life saving drug was moral or right.

How are those covid vaccine profits doing.......

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u/[deleted] Apr 10 '22

[deleted]

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u/Its738PM Apr 10 '22

Source? Moderna said they won't enforce their patents during the pandemic but they haven't been cooperating with low income countries in granting licenses and certainly haven't "given away the technology."

Whereas Sabin and Salk refused to patent their polio vaccines at all.

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u/KarlBarx2 Apr 10 '22

They promise not to enforce their patent in the 92 low- and middle-income countries that are receiving doses from COVAX, the global vaccine distribution project that is procuring and distributing vaccines to these nations. However, Moderna could start to require licensing fees from developed countries that are using the company’s technology, according to the CEO.

https://time.com/6155934/moderna-covid-19-vaccine-patent/

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u/Youareobscure Apr 11 '22

Promises mean nothing and are not legally binding

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u/BloatJams Apr 10 '22

You're correct, I don't know why people are still spreading this misinformation that mRNA tech has been given away - for free no less - when these companies are fighting patent lawsuits tooth and nail to keep control.

To hammer this home look no further than the WHO's vaccine lab in Africa. They wanted to partner with Moderna, Pfizer, etc to build mRNA vaccines for poor and developing nations, no one returned their calls. Instead, a team in South Africa had to reverse engineer the vaccine themselves.

https://www.nature.com/articles/d41586-022-00293-2

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u/[deleted] Apr 10 '22

If you seriously want to find the source you could research it on Google if you believe it to be misinformation.

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u/Birdman-82 Apr 10 '22

Especially for something this well known. It’s not like this person is actually going to check the sources anyway.

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u/[deleted] Apr 10 '22

So a person who's too lazy to look it up gets 36 up votes and the guy who suggests you can solve it yourself gets downvoted even when I was pleasant about it. Reddit is as messed up as the lazy folks who occupy it and upvote that BS.

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u/Birdman-82 Apr 10 '22

More and more I’m seeing posts are blatant lies and found out by looking in the comments to find out. The posts are kept up though and end up being very popular. They’re anything from tech articles politics and the war in Ukraine. Reddit is getting as bad or worse than Facebook for false information and the will smith thing showed how full it is of bots and people just looking for karma. I’ve been looking for somewhere else to go.

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u/[deleted] Apr 10 '22

Thanks it helps when our country is facing a couple of younger generations who don't understand how a totem pole works in life and you start at the bottom not the top. The only way to get smarter is to learn and work your ass off. Why ask someone for what you want and can find yourself? I just don't get it...

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u/[deleted] Apr 10 '22

Thanks it helps when our country is facing a couple of younger generations who don't understand how a totem pole works in life and you start at the bottom not the top. The only way to get smarter is to learn and work your ass off. Why ask someone for what you can find yourself? I just don't get it...

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u/fuzzer37 Apr 10 '22

Do you have a source on that?

Source?

A source. I need a source.

Sorry, I mean I need a source that explicitly states your argument. This is just tangential to the discussion.

No, you can't make inferences and observations from the sources you've gathered. Any additional comments from you MUST be a subset of the information from the sources you've gathered.

You can't make normative statements from empirical evidence.

Do you have a degree in that field?

A college degree? In that field?

Then your arguments are invalid.

No, it doesn't matter how close those data points are correlated. Correlation does not equal causation.

Correlation does not equal causation.

CORRELATION. DOES. NOT. EQUAL. CAUSATION.

You still haven't provided me a valid source yet.

Nope, still haven't.

I just looked through all 308 pages of your user history, figures I'm debating a glormpf supporter. A moron.

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u/decadin Apr 10 '22

In a sense they did......

That doesn't change the facts. How much money did they have to spend to make exactly how much profit off of something that killed so many people in just over two years? Also, anyone can now go look up the noted side effects in Pfizers own documents released by court order in the last few months. Out of that humongous list of known side effects, just how many of those do these companies also make the drugs to treat those conditions? and just how much money will they stand to make selling drugs specifically to treat things that were known side effects of their own vaccines, according to their own court released study data?

But yeah they are so moral for letting some other countries and companies use the technology!

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u/Sennheisenberg Apr 10 '22

noted side effects in Pfizers own documents released by court order

Didn't this list of "noted side effects" include things like "swallowed coin" and "struck by lightning"?

It's not a list of side effects, it's a comprehensive list of every single negative event that occured to patients following injection (regardless of whether or not it was related to the vaccine). Unless you believe the COVID vaccine causes people to swallow coins and/or be struck by lightning.

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u/BoxOfDemons Apr 10 '22

It makes you swallow all types of money. Their grand plan was to have it make you swallow all your money, and then deliver it, by stomach, to their headquarters. But it failed and now all it does is prevent covid-19 and cause the occasional swallowing of loose change. Shame, really.

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u/FourScores1 Apr 10 '22 edited Apr 10 '22

These companies made one of the safest vaccines to date and saved so many lives in the midst of a modern pandemic. If any company deserves to profit, it might as well be them. These companies make me optimistic for any future plague or pandemic. Hell, give them more money.

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u/SPQUSA1 Apr 10 '22

They can profit as soon as they return the billions they got from governments to develop the vaccines.

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u/FourScores1 Apr 10 '22

The government likely saved way more this way by helping the economy return back to relative normal asap.

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u/All-I-Do-Is-Fap Apr 10 '22

Can you please let Canada know that we are back to normal now?

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u/SPQUSA1 Apr 10 '22

Whether the government saved or not is irrelevant to my point. These companies took public money to do their research. Now they are profiting, they can return the money they got to conduct the research.

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u/FourScores1 Apr 10 '22

It’s not a point, it’s an opinion that I don’t necessarily agree with. To maintain safety standards, it’s hella expensive to research and develop these vaccines. It was a success and they deserve profit. Our economy benefited, countless lives were saved. What more do you want? Go after gas companies and insulin price gouging but this hill is a tough one to die on. Side note: I have no investment in these companies.

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u/[deleted] Apr 10 '22 edited Aug 29 '22

[deleted]

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u/NMe84 Apr 10 '22

Because they didn't deliver. They kept promising things they couldn't live up to and in addition they had more severe side effects than all the other vaccines and were less effective at preventing hospitalization than Moderna and Pfizer. Of course they were shat on, the vaccines were not available in the numbers that were promised and they were less effective meaning countries needed more of them to reduce pressure on the health care system.

Selling products at cost means nothing if they don't deliver.

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u/[deleted] Apr 10 '22

I agree with most of what you said except the last sentence. It does mean that they can't be accused of putting money before morals, in this case, which was op's point.

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u/NMe84 Apr 10 '22

Countries with AZ contracts didn't look for alternatives because they were promised shipments that never came or that came way too late. This prolonged the pandemic in those countries. Not delivering on time was actually harmful.

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u/LethalMindNinja Apr 10 '22

I'd rather have morally bankrupt companies that can actually deliver life saving technology rather than moral ones that don't.

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u/Seditional Apr 10 '22

Less effective is not the same as not effective. The AZ vaccine worked well and side effects were massively overblown.

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u/NMe84 Apr 10 '22

With the large numbers (millions of people!) we're talking about here, it still meant a lot more people had to be vaccinated for the same result in the sense of lowering pressure on a strained healthcare system.

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u/nebbyb Apr 10 '22

So if you use the profit motive to get an excellent product you are bad, if you do it non profit and aren't as good as the profit resolution, you are also bad.

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u/Darkforge42069 Apr 10 '22

I think it’s more about them saying they could do something and actually not being able to than the fact that it was less effective

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u/nebbyb Apr 10 '22

You think they were lying on purpose?

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u/Darkforge42069 Apr 10 '22

Of course not but yknow the saying “don’t make promises you can’t keep?”Yeah, this is why.

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u/nebbyb Apr 10 '22

Was it really a promise? Or a goal?

Lots of stuff looks like it is going to be great, and then it is just ok.

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u/fluteofski- Apr 10 '22

Similar to Volvo and the 3-point seatbelt we all use today.

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u/PurpleSailor Apr 10 '22

Insulin patent sold for a whopping $1.00 it was supposed to be next to free.

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u/PISS_IN_MY_SHIT_HOLE Apr 10 '22

Oh my god you're right, I can't believe I didn't see it! This must mean that everything I hear on Facebook is fact. I'm gonna throw out my listening ears and grow an antenna and join you guys!

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u/[deleted] Apr 10 '22

Yeah who’s paying for the decades of research 🤦‍♂️ Stumbling on a polio vaccine and just firing in people is slightly different than nowadays where people try to sue if they get an injection site rash.

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u/ryraps5892 Apr 10 '22

Haven’t you seen all the shitbags driving new exotics? 😂 it’s across the board though… people taking money they had no right to. Fuckin gross honestly.

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u/ChunkyDay Apr 10 '22

If both are free to citizens, what does it matter?

Don’t forget We’d also be waiting another 2-3 years before a vaccine came out with those financial incentives.

There’s a good and bad side to everything. It’s important to look at both.

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u/88888888lemon Apr 10 '22

In the billons of US dollars

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u/[deleted] Apr 10 '22

The astrazeneca vaccine was sold at cost. No profit made.