Green shoots of recovery bring biopharma hope

29 October 2024

The biopharma industry showed signs of recovery in the third quarter (Q3) of 2024, with increased investor optimism following the interest rate cuts by the US Federal Reserve in September 2024, according to GlobalData.

As a result, the top 20 global biopharma companies reported an upturn of 2% in aggregate market capitalization from $4.2 trillion as on 30 June 2024, to $4.3 trillion as on 30 September 2024, according to the data and analytics company.

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