The cautious optimism of 2012 turned into a fully fledged biotech boom in 2013, marked by surging company valuations in the USA and the opening of the initial public offering (IPO) floodgates.
The pharma and biotech sector also saw an increase in M&A deal values, buoyant licensing activity and sustained venture capital investment last year, according to EP Vantage’s latest report, Pharma & Biotech 2013 in Review.
The record-breaking value of new drug approvals was another notable story last year. Although the number of novel medicines to reach the market dipped on 2012, the class of 2013 is forecast to generate $25.4 billion in their fifth year on the market - the best performance of the last decade.
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