Maybe in theory, but propping up an entire ecosystem in collapse is well beyond Colossal's reach and incentives. This money and research would be better spent preventing the ecosystems from collapsing in the first place.
If we fix climate change, I could see an argument for investing in restoring the ecosystems that were destroyed. But 'de-extincting' a species without addressing the root causes of that extinction is idiocy.
Realizing this, these types will give up on re-introducing the original organism and instead create a bioengineered version that can survive in the changed world. I fear this path will not end well for us.