Key findings of EY’s annual Biotech Beyond Borders Report 2025

18 June 2025

EY today released its 35th annual Biotech Beyond Borders Report. This finds that the biopharma industry is currently at an inflection point – grappling with a unique environment of macroeconomic uncertainty and constrained access to capital, including high interest rates, inflation, shifting regulatory policies and tariff turmoil.

This is the time for companies to focus on fundamentals and get ready to bounce back when conditions improve, the report notes.

Other key findings include:

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