What to watch in the biomedical space over the next five years
By Chu Swee Yeok, Senior Advisor of EDBI
Asia remains a bright spot amidst storm of uncertainty
2022 witnessed the harsh reality of bearish global markets with more pronounced impact for 2023. The global biotech industry had a tough year, with lower valuations, fewer successes in IPOs and waves of layoffs from biopharmaceutical firms.
Even as caution takes hold, there is still much undeployed capital or dry powder and active deal flow, particularly into Asia. Attracted by the sector’s stable returns, resilience to recession and favourable demographic tailwinds, investors are still upbeat and positive about maturing healthcare assets in the pipeline.
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