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When the FDA Cancels a Meeting and a Biotech Disappears
April 6, 2026Exponential Technologies

When the FDA Cancels a Meeting and a Biotech Disappears

Kezar Life Sciences didn't fail due to faulty science or lack of market; it failed because its survival model was reliant on a single line of institutional trust that was abruptly severed. That's not bad luck: it's a structural failure.