Even with Biotech companies being among the most funded industries in the VC/PE space, companies still need pitch decks to demonstrate their approach to the market and product demand. Biotech companies require a significant amount of capital and those involved in drug research may not even have a commercialize product. However, investors in this industry are aware of the risks so instead it is better to focus on the potential of the finished, commercialized technology if it passes the FDA pipeline, if needed.