Biopharmaceutical industry executives will meet in person in San Francisco for the annual J.P. Morgan Healthcare Conference for the first time since 2020, and the big question ahead of the meeting is if the live event will deliver the same level of excitement – and business deals – it has been known for. The weather forecast for rain and high wind at least seems as predictable as ever.
J.P. Morgan, which runs 9-12 January, generally sets the tone for the year for the drug industry. A big deal announcement in the opening days of the meeting will signal to investors that more M&A could be in store for 2023, though deal news has been muted at the meeting in recent years. Plus, Amgen, Inc. closed out the year with the $27.8bn acquisition of Horizon Therapeutics plc in December, the biggest deal of 2022, and news that will be hard to top
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