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BioWorld - Tuesday, May 30, 2023
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Home » Bearish investors no drag on biotech dealmaking
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BIO-Europe 2019

Bearish investors no drag on biotech dealmaking

Nov. 12, 2019
By Cormac Sheridan
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HAMBURG, Germany – Despite the biotech industry's recent record-breaking run in terms of fundraising and new drug approvals, the ongoing drug pricing controversy is acting as a drag on biotechnology investment. Since the debate started to heat up about four years ago, the Nasdaq Biotechnology Index is down 14%, while the S&P 500 Index is up by 46% during the same period, David Thomas, vice president, industry research at the Biotechnology Innovation Organization (BIO), told delegates attending the opening plenary session at BIO-Europe. "Something is clearly holding back investors in our space," he said.
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