Innovation

The $108 million raised last financial year is being spent on software development and bringing their newest model, the Zoomo One, into production. The so-called “moped killer” will have a top speed of 45km/h.

Today, virtually all new drug discovery and early-stage drug development happens in small biotech firms, with Big Pharma hungrily waiting for the new drugs to boost their shrinking sales as the patents on their existing drugs inevitably expire.