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LONDON, BOSTON, TOKYO (February 20, 2020) – Stock market gains and dealmaking activity in Q4 clinched the biopharma sector’s strong performance in 2019 – a stark reversal of the declines seen in the final months of 2018. Over the course of the year, several major biopharma companies showed double-digit share price growth, drug makers spent $217bn on M&A deals and 55 companies floated on Western exchanges.
In medtech, large- and mid-cap sector share prices outpaced even the best in biopharma; no large-cap device maker experienced share price decline. Medtech IPOs raised a total of $2.5bn, although seven of the 13 listing companies saw valuations wither after floatation.
The FDA continued to prove friendly to biopharma, with faster approval times; almost a quarter of 2019 submissions were approved in less than six months. While the 49 total approvals is lower than the 61 seen in 2018, the 2019 class’s fifth year sales potential is nearly equal, at $27.1bn.
“Overall 2019 was a very successful year for the biopharma sector," said Amy Brown, co-author of the Evaluate Vantage Pharma, Biotech and Medtech 2019 in Review report. “Cash remains plentiful for now so many of the trends that drove last year’s performance should continue, though US political uncertainty could mean investors and executives become more cautious.”
To download a complimentary copy of the report, visit https://www.evaluate.com/2019Review.