BioPharmaTrend
Latest News
All Topics
  • Artificial Intelligence
  • NeuroTech
  • Premium Content
  • Knowledge Center
Interviews
Companies
  • Company Directory
  • Sponsored Case Studies
  • Create Company Profile
More
  • About Us
  • Our Team
  • Advisory Board
  • Citations and Press Coverage
  • Partner Events Calendar
  • Advertise with Us
  • Write for Us
Subscribe
Login/Join

Biopharma Industry Review: A Year of Challenges and Changes in 2023

by Andrii Buvailo, PhD  (contributor )   •   Dec. 27, 2023  

Disclaimer: All opinions expressed by Contributors are their own and do not represent those of their employers, or BiopharmaTrend.com.
Contributors are fully responsible for assuring they own any required copyright for any content they submit to BiopharmaTrend.com. This website and its owners shall not be liable for neither information and content submitted for publication by Contributors, nor its accuracy.

   Biopharma insight   
Share:   Share in LinkedIn  Share in Bluesky  Share in Reddit  Share in Hacker News  Share in X  Share in Facebook  Send by email

The biopharma industry experienced a challenging year in 2023, marked by a significant decrease in funding and a high number of bankruptcies. According to PitchBook, the industry raised approximately $24 billion in 2023, a stark decline from the higher funding levels of the previous three years, which saw annual figures of $38.1 billion, $53.9 billion, and $36.9 billion, respectively.

#advertisement
AI in Drug Discovery Report 2025

Exit activities also slowed down, with only 84 deals totaling $17.9 billion. This decrease was largely attributed to fewer initial public offerings. The sector also witnessed the impact of a biosimilar onslaught and a steep patent cliff, with several drugs losing exclusivity by the year's end.

 

Adapting Strategies Amid Economic Pressure

Faced with this challenging business environment, companies across the biopharma sector have been compelled to rethink their market strategies and cut costs. This has led to reductions in investments in research and development (R&D), streamlining of product pipelines, and widespread layoffs.

Continue reading

This content available exclusively for BPT Mebmers

 BPT Membership 
Share:   Share in LinkedIn  Share in Bluesky  Share in Reddit  Share in Hacker News  Share in X  Share in Facebook  Send by email
#advertisement
ThermoFisher Scientific: Integrated genetic technologies for cell therapy development
#advertisement
Webinar: AI in Clinical Trials

BiopharmaTrend.com

Where Tech Meets Bio
mail  Newsletter
in  LinkedIn
x  X
gnews  Google News
rss  RSS Feed

About


  • What we do
  • Citations and Press Coverage
  • Terms of Use
  • Privacy Policy
  • Disclaimer

We Offer


  • Premium Content
  • BioTech Scout
  • Interviews
  • Partner Events
  • Case Studies

Opportunities


  • Membership
  • Advertise
  • Submit Company
  • Write for Us
  • Contact Us

© BPT Analytics LTD 2025
We use cookies to personalise content and to analyse our traffic. You consent to our cookies if you continue to use our website. Read more details in our cookies policy.