Early-Stage Biotech Investments Were Down 40% in 2023: Novotech Whitepaper
BOSTON, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Novotech , the leading Asia Pacific centred biotech CRO with global execution capabilities, today published the Navigating the Biotech Landscape whitepaper examining the significant financial shifts that affected the biotech industry in 2023.
- BOSTON, Dec. 29, 2023 (GLOBE NEWSWIRE) -- Novotech , the leading Asia Pacific centred biotech CRO with global execution capabilities, today published the Navigating the Biotech Landscape whitepaper examining the significant financial shifts that affected the biotech industry in 2023.
- Navigating the Biotech Landscape: Insights into Clinical Trials, Funding Trends, Challenges, and Transformations Amidst Covid-19 And Beyond (2023) whitepaper delivers a thorough evaluation of the worldwide financial landscape for biotech clinical trials, offering valuable and actionable insights.
- “Consequently, investments in early-stage biotech companies declined by 40% in 2023 compared to 2022, marking an unprecedented 55% drop from two years prior,” the whitepaper found.
- A key disruptive element identified in the whitepaper is the impact of digital transformation in the biotech sector.