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BioWorld - Wednesday, April 15, 2026
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Home » Biotech industry has encountered headwinds slowing its progress over the past year
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Biotech industry has encountered headwinds slowing its progress over the past year

June 4, 2018
By Peter Winter
BOSTON – In 2012, the last time the BIO International Convention was held in Boston, Jim Greenwood, president and CEO of BIO, noted in a statement that "the overarching sentiment shared by the majority of attendees is a positive outlook for the future of our industry." His view was spot on because in the intervening five years the industry has been on a tear, with the Nasdaq Biotechnology Index recording a 155 percent jump in value. Fundraising has also been off the charts and business development has continued at a frenetic pace.
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