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In-Licensing in Specialty Pharma

The emerging sector of specialty pharma-companies building a business around in-licensing poorly penetrated drugs and growing their share through targeted sales efforts-represents an increasing percentage of total dealmaking volume. But could its strategy already be suffering from diminishing returns?

The emerging sector of specialty pharma—companies building a business around in-licensing poorly penetrated drugs and growing their share through targeted sales efforts—represents an increasing percentage of total dealmaking volume. But could its strategy already be suffering from diminishing returns?

In the chart below, we've broken out average total values of deals in which a specialty pharma was the in-licenser...

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