Biotechnology: Towards A Rerating In 2020?
20 December 2019
Bottom line
The developments in biotechnology of the last 40 years represent a major advance in modern healthcare. This trend is here to stay.
- Solutions appear for many diseases considered yesterday as “incurable”. Proofs-of-concept have been established, and many clinical trial results are encouraging.
Diseases with unmet medical needs offer a huge market opportunity. Investors are willing to support quality R&D on innovative drugs, given the upside potential.
Future growth will come from Emerging Markets that are affected by similar demographic trends as the ones for developed countries.
- Healthcare spending in China accounts for only 6% of the GDP vs. 18% in the United States.
Exciting, scary, fascinating, risky, etc. – A diversified portfolio giving exposure to a variety of tomorrow’s treatments is necessary to mitigate the binary risk of clinical trials.
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