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Financing Available For Some, But Not All Biopharma Companies In 2023

Firms With No Near-Term Milestones Could Shutter

 
• By Mandy Jackson

Investors, advisors and CEOs at the J.P. Morgan Healthcare Conference and Biotech Showcase were somewhat optimistic about fundraising this year, but noted certain companies may have to call it quits.

2023 New year card background economy finance business investment concept
2023 should be a good year for financing for companies that execute well • Source: Shutterstock

The biopharmaceutical industry still has a long way to go to recover from valuation declines that began in 2021, but signs of improving health in the sector in late 2022 and unchanged business fundamentals offer hope that many companies will be able to access funding to advance drug development programs and commercialize approved medicines in 2023. Observers acknowledge, however, that the trend of some firms shutting down due to dwindling cash will continue.

The key to new financing will be achieving a major clinical or regulatory milestone – or at least the promise...

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