I want to extend my gratitude to Michael Rai for sharing the insightful BioXconomy Biopharma Partner Benchmarking Report 2024 which was designed to establish a current baseline on biotech and smaller biopharma views on pharma partnering.
Here are some key takeaways that particularly resonated with me:
-Market Trends: The report offers a strong overview of current market trends, highlighting increased M&A activity, the pivotal role of licensing, and a growing focus on therapeutic areas like immuno-oncology and rare diseases.
-Strategic Consistency: I found the recommendation for maintaining a consistent strategy, regardless of market conditions, to be particularly insightful. This is a crucial mindset for biotech companies navigating market volatility while keeping their long-term goals on point.
-M&A Interest Shift: The report highlights the shift in M&A interest from Phase III/commercial assets to higher-risk Phase II assets. This trend is especially relevant for smaller biotech firms, as it shows that big pharma is willing to take on more risk for potential high rewards. From my own dialogues with big pharma, I can also see a trend towards moving to even earlier, pre-clinical, assets.
Thank you once again, Michael, for the dialogue and discussion. This is the first version of the Benchmarking Report, and I am looking forward to the release of the next version!
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Office Manager
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