Adam Feuerstein is a senior writer and biotech columnist, reporting on the crossroads of drug development, business, Wall Street, and biotechnology. He is also a co-host of the weekly biotech podcast The Readout Loud and author of the newsletter Adam’s Biotech Scorecard. You can reach Adam on Signal at stataf.54.Allison covers what hot startups are getting up to, and who’s financing them. She is also co-host of the weekly biotech podcast, “The Readout Loud.” You can reach Allison on Signal at AllisonDeAngelis.01.Elaine’s stories explore the boom in new obesity treatments, new drug payment models, the ways companies are affected by FDA changes, and the emerging psychedelics drug sector. She co-writes The Readout newsletter, and co-hosts STAT’s weekly biotech podcast, The Readout Loud. You can reach Elaine on Signal at elaineywchen.70.Biotech is producing scientific breakthroughs that once seemed impossible. But according to longtime industry executive Jeremy Levin, the institutions that support these advances, from regulators, to investors, and even public trust in science itself — are beginning to fracture.Levin is the founder and chairman of Ovid Therapeutics and former CEO of Teva Pharmaceuticals. In his new book, “Biotech in the Balance: Saving a Strategic Industry in an Age of Distrust,” he argues that political upheaval, weakening institutions, short-term investing, and more are putting the future of the industry at risk, even though the science itself continues to accelerate.On this week’s episode of “The Readout Loud,” Levin advocates for federal changes that could incentivize biotech investment and for pharmaceutical companies, in particular, to call out how regulatory upheaval is harming the drug industry. “When an institution such as this, which is critical, is shaken, the industry must stand firm. It must call out why this is a problem.… The titans are dead silent right now,” he said.