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Biotech Startup Investment Checklist: Pre-Seed Stage (2026)

This checklist covers 24 due diligence items for Biotech startups at the Pre-Seed stage. Each item has been validated against institutional investor practice. DDR automates the majority of these checks from a single pitch deck PDF upload.

24 checklist items · 3 red flags automatically detected · See a sample DDR report

Pre-Seed Requirements

✓ Founding team quality and relevant domain expertise
✓ Problem evidence: clear pain, ideally lived experience
✓ Market size: TAM must justify a venture-scale outcome
✓ Early signal of demand: waitlist, LOIs, or first customers
✓ Founder-market fit: why this team for this problem
✓ Proprietary insight competitors don't have

Biotech Sector

✓ Core composition-of-matter patents verified and timeline confirmed
✓ Scientific advisory board reviewed with commitment letters
✓ In vivo efficacy data reviewed with expert scientific consultant
✓ FDA pre-IND meeting completed or scheduled
✓ CMC: manufacturing pathway documented for clinical quantities
✓ Freedom-to-operate legal opinion obtained
✓ Key scientist employment agreements with IP assignment confirmed

Deep Dive

✓ Scientific advisory board composition and engagement level
✓ Patent landscape: freedom-to-operate analysis and competitor IP
✓ Clinical trial design review with scientific expert
✓ Regulatory strategy: pre-IND meeting notes with FDA if available
✓ CMC (Chemistry, Manufacturing, and Controls) — manufacturing scalability

Regulatory

✓ Verify: FDA IND/NDA/BLA pathway: multiple review cycles, advisory committee meetings
✓ Verify: Clinical trial regulations: GCP compliance, IRB approval, informed consent
✓ Verify: Drug pricing scrutiny: IRA Medicare price negotiation for high-cost drugs

OSINT Signals

✓ Check: ClinicalTrials.gov: registered study status and enrollment progress
✓ Check: PubMed: peer-reviewed publications from founding team
✓ Check: USPTO patent database: core composition-of-matter patents
DDR AUTOMATES THIS CHECKLIST

Upload a Biotech startup pitch deck and DDR automatically completes 17+ of these 24 checklist items — sourcing data from 13 OSINT signals, benchmarking against 2 comparable companies, and detecting all 3 critical red flags.

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