2023-2024 Global Biopharma R&D Productivity And Growth Ranking

Industry R&D Productivity Driven By Mega Trends – From COVID-19 To Obesity

The overall R&D productivity of the 30 largest public biopharma companies has increased despite a challenging global environment for investment and growth. Will hype cycles impact this picture in coming years?

Chart showing trending up in 2024
• Source: Shutterstock

While early 2023 saw COVID-19 finally fading away, other global crises continued throughout the year (Russia-Ukraine invasion) or were newly created (Israel-Hamas conflict). In short, the socioeconomic environment remained turbulent.

Also, high interest rates continued to trouble biotech companies and their investors, as reflected in the XBI being down 6%...

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