Biotech Entrepreneur & CEO @RoquefortTherap @Celixir. ExBCG, Roche & Novacyt. Uni of Oxford, Kellogg & HBS. Personal opinions
We had a very interesting panel discussion last week on the 2024 outlook for Biotech. We examined the drivers of the potential recovery in the Biotech capital markets and deal making and considered four levers: 1. The return of risk capital from institutional investors 2. 2030 Big Pharma patent cliff 3. More deals: Big Pharma M&A and licensing driven by profits from obesity / cardiometabolic and (2) need to find more first in class / best in class medicines to replace 2030 revenue 4. Dual track and Triple track options for Biotechs: sale to Big Pharma or IPO and / or licensing partnerships A poll of the ~150 participants felt cautiously optimistic that this was the beginning of a recovery in Biotech markets. It was a pleasure to moderate the discussion. Thanks to the excellent panel Marta Helena Lesko Tim Haines Jane Buus Laursen Michael Rice and to LSX - partnering for Life Science eXecutives Adam Griffiths for hosting.