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After Cutting Back And Clinging On, Will Biotech Bounce Back In 2023?

Tough Conditions Will Persist In 2023

 
• By Andrew McConaghie

Industry investors foresee continued hardship for public companies still without compelling clinical data for their assets, plus the growing influence of the US Inflation Reduction Act on biopharma strategy.

Biotech
Around 85% of companies which IPO'd in 2020 and 2021 are currently below their initial market values, reflecting a harsher environment. • Source: Shutterstock

Publicly listed small-to-medium sized biopharma companies have endured one of their worst years in decades in 2022, with hundreds seeing their market value sinking below cash and a handful even going bust.

This has been sparked by a heavy post-pandemic market correction in biotech and other high-risk sectors, twinned with a macro-level pressure from the economic shock of

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