Biopharma enters 2026 with renewed and cautious optimism, say analysts

29 December 2025

Against the backdrop of a turbulent year marked by both breakthrough and setbacks, the biopharmaceutical industry is entering 2026 with renewed confidence.

Industry optimism and investment sentiment have strengthened, although cautiously, according to a new report by intelligence and productivity platform GlobalData.

In 2025, the biopharmaceutical industry began the year with strong scientific and commercial momentum with a high level of optimism with large deals seen around the JP Morgan Healthcare conference, including Johnson & Johnson's (NYSE: JNJ) $14.6 billion acquisition of Intra-Cellular Therapies for its neuroscience portfolio, as well as GSK’s (LSE: GSK) $1 billion deal with IDRx, and Eli Lilly (NYSE: LLY) acquiring an oncology drug candidate from Scorpion Therapeutics for $2.5 billion.

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