Morningstar Biopharma Pipeline Report

29 September 2023

US financial services company Morningstar has published its Biopharma Pipeline Report which provides a five-year outlook on key trends in the space, as well as an in-depth review of pipelines and major therapeutic areas.

According to the report, Morningstar believes the market is under-appreciating the significance of innovation in the biopharma industry, and forecast 4.5% compound annual earnings growth in the sector over the next five years (excluding COVID products).

Additional takeaways include:

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