At the half-year mark, the medtech sector was on course for its worst year in a decade in terms of M&A activity, EP Vantage concluded last fall in its Half Year Review 2013 report. Unfortunately, the second half of the year showed little sign of improvement, according to EP Vantage’s latest report on the sector, “Medtech 2013 in Review.”
Though economic conditions as a whole are improving, hospitals, insurers and patients continue to exercise prudence. With less money coming in, large firms are avoiding risky acquisitions of early-stage companies. Venture capitalists are following suit, with most awarding investments cautiously to companies with approved products. This poses a challenge in and of itself considering the lack of recent FDA approvals.
Among the report’s key findings:
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