translation.en: In fact, that early stage of the funding process, that Phase I and pre-clinical stuff, that's actually, in the industry, called the Valley of Death because it's where drugs go to die.
translation.zh: 事实上，初始阶段的筹资, 如第一阶段和临床前测试, 在这个行业里被称为"死亡之谷" 因为这些阶段就是药物被淘汱的主要时期