On Friday, 10 March 2023 shockwaves from one of the largest and fastest bank runs in history reached UK shores. Biotech took the brunt, lurching from near-existential crisis to rescue in the space of a single weekend. A year later, we look back at what happened, and at how the UK BioIndustry Association (BIA) and its members helped avert what could have been a damaging blow to UK biotech.