Outlook 2023: The Pharma Rollercoaster Shows No Signs Of Slowing Down

The biopharma train is riding into unfamiliar territory. An era shift to high-cost capital from low-cost capital, macro-economic considerations from the intense and unpredictable geopolitical situation in eastern Europe, worldwide inflation, and a continued flirt with global recession could push companies off course, while the swirling myriad of industry issues such as the competition for talent, the politicization of drug pricing in the US, leveling up diversity in clinical trials, and increasing pressure to prove commitment to ESG (Environmental, Social and Governance) issues could make the horizon difficult to see with the required clarity.