STAT Plus: In a cramped Kendall Square, biotech startups sublet desks and squeeze into shared labs
Before it launched in January, biotech startup EQRx wasn’t quite large enough to justify leasing — and paying for — a full office, let alone a standard 30,000-square-foot lab space. Founders Alexis Borisy and Melanie Nallicheri were running the firm out of their homes.
But potential investors and new hires generally want an address and a conference room — so EQRx made a common, temporary compromise: It subleased some desks and conference rooms from another biotech firm that had signed up for more space that it needs.
