It's a combination of bear market plus incertaintly around icos because of sec's regulation. People are afraid To invest in icos right now
The dropping market do not allow to make many X-es even for successful projects. Hence, before investing, one should analyze the situation with much of a caution. However, there are investors even now, but their number has significantly decreased
If the product is interesting and has its own uniqueness, it will always be in demand. It does not matter whether the market is down or not. The Biotron project has some interesting unique services that may attract potential investors. The most important thing in such projects is to keep the information confidential and be well protected from hacking.