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Scrip Asks...What Does 2023 Hold For Biopharma? Part 1: The Funding Environment

Can Biotechs Weather The Ongoing Downturn Or Will There Be Carnage?

 
• By Eleanor Malone

With valuations down and borrowing costs up, many industry insiders are expecting Darwinian scenes in biotech this year. Survival of the fittest is the order of the day: companies with riskier, less commercially defined propositions will struggle, while platform companies with multiple shots on strong goals will increasingly find favor in a more risk-averse environment.

Scrip asks part 1
• Source: Shutterstock

The first half of 2022 saw the NASDAQ Biotechnology Index lose a quarter of its value. Despite a tentative recovery since then, the IPO window is barely ajar and valuations remain well below the highs of September 2021, when a five-year biotech boom peaked.

For the first installment of Scrip’s annual series sounding out executives, experts and investors on the year ahead, we asked how the biopharma funding environment would evolve in 2023

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