Image trying to write code where you can't actually see what you wrote, where each time you compile it costs $1000 and the binary randomly is corrupted 50% of the time. And the only way to find out is to push it to prod and wait a few months for someone to call you. And every prod setup is subtly different without any documentation. That's about 100x easier than drug development.
:)
The pharmaceutical industry predates chiptech by quite some time, represents a fairly large market, the companies are quite technological, but the underlying problems are very different from making chips. And if trials like this succeed, that area of biotech will see billions in funding.
It's not funded as much as chips but it's also a smaller overall market.
Chips don't randomly decide to unmake themselves: there's no active, living system you're interacting with.
The other thing that makes biology so confounding is its diversity. E.g. something that works without side effect for 100,000 people will kill 1 of them, because they were in some way different than the others.
It's not entirely unwarranted regulation, but fundamentally Intel can mess up 20 batches of 5nm chips before getting it right, and nobody cares. If a CRISPR trial kills someone, it's a BIG DEAL, and could potentially set the field back by years.