Asia-Pacific: is the time ripe for investment?
According to GlobalData, investment in the Asia-Pacific (APAC) biotech sector is lagging behind its US rivals. Over the period 2018 to 2022, the APAC region received £23 billion ($29 billion) for the development of innovative early-stage drugs, whereas American biotech received $72 billion; both regions have seen a decline in investment activity during 2022, largely due to inflation and geopolitical issues (Figure 1).
Figure 1: Early-stage venture financing raised in APAC and USA for innovator drugs from 2018 to 2022
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