The cautious optimism of 2012 turned into a fully fledged biotech boom in 2013, marked by surging company valuations in the US and the opening of the IPO floodgates. The pharma and biotech sector also saw an increase in M&A deal values, buoyant licensing activity and sustained venture capital investment last year, according to EP Vantage’s latest report, “Pharma & Biotech 2013 in Review”.
The record-breaking value of new drug approvals was another notable story last year. Although the number of novel medicines to reach the market dipped on 2012, the class of 2013 is forecast to generate $25.4bn in their fifth year on the market - the best performance of the last decade.
Among the report’s key findings:
To download your complimentary copy of this report, please confirm your details on the opposite form.