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Outlook 2024: Biopharma Embraces New Markets And New Tech

 
• By Lucie Ellis-Taitt

New markets, a patent cliff, an M&A rebound and clinical trial catalysts. How will it all play out for the biopharma sector in 2024? 

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• Source: Shutterstock

An unsteady geopolitical situation in eastern Europe, worldwide inflation and the politicization of drug pricing in the US all made their mark on 2023. Making predictions about the biopharma world is always a tricky endeavor, but looking ahead into 2024 reveals an uptick in deal-making and perhaps the return of larger scale M&A, as big pharma feels the pressure to fill pipeline gaps at a faster rate. The unprecedented demand for new treatments in obesity has meant a couple of companies have fuller pockets and, in turn, more cash to put to work.

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