An analysis from Accenture has suggested that biopharma’s inorganic approach to fostering growth is no longer sustainable due to rising M&A costs.
An increased focus on bio-platforms and capabilities such as artificial intelligence (AI) is needed to accelerate innovation, according to the research.
Biopharma companies have relied heavily on M&A for growth, with more than 60% of their marketed assets coming through acquisitions over the past 15 years.
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