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      "text": "Ginkgo is just another commodity CRO that thinks it has “a unique business model”",
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      "text": "Q: “How many projects have you done with them in these two years?”\nA: “Many. Not two and not 20. Many, less than 10.” – Current Synlogic executive",
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      "text": "Executive elaborated that one can get “the same kind of thing at any other CRO for a piece of work”",
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      "text": "“The PR is definitely amazing; they're good at that for sure...I think if you break down the different parts of the business and what they offer, you certainly can find other places that can do aspects of that. To me, they're a CRO, that they're providing a service, and they may be thinking they have a unique business model behind that in some way, but we would look at a project with them just like we would look at a project with Zymergen or anyone else if we were scoping out the question and what the right person would do and we definitely get competitive bids for things when we have to.” – Synlogic executive",
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      "text": "“It’s like working with a CRO. We decide that we want to work on enzyme x; we want to improve that enzyme's activity. We get a proposal from them. We work on the proposal together, and we negotiate aspects of it, we take stuff out and put stuff in, and that proposal has a cost associated with it, and it has milestones associated with it, and as the project progresses, we make payments accordingly. As far as I know, or I can tell, there’s nothing really that unique like I would expect to do the same kind of thing at any other CRO for a piece of work.” – Current Synlogic executive",
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      "text": "“The PR is definitely amazing; they're good at that for sure...I think if you break down the different parts of the business and what they offer, you certainly can find other places that can do aspects of that. To me, they're a CRO, that they're providing a service, and they may be thinking they have a unique business model behind that in some way, but we would look at a project with them just like we would look at a project with Zymergen or anyone else if we were scoping out what the question was and what the right person would do and we definitely get competitive bids for things when we have to.” — Synlogic executive",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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      "text": "Case study 1: Synlogic (cont’d): Synlogic executive continued that Ginkgo is just another commodity contract research organization (CRO) that thinks it has “a unique business model”; and that Synlogic has sent less than 10 projects to Ginkgo in two years, despite a $30MM R&D prepayment – “It’s like working with a CRO”; “there’s nothing really that unique”; can get “the same kind of thing at any other CRO for a piece of work.”",
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