Biotech/Life Sciences Key Drivers
Hello Monkeys,
I have an ER Associate interview in a week for a boutique that covers biotech/life sciences. I have no experience in biotech, but I been reading up on the sector from publicly available sources. This is entry-level so I don't think they'll require me to have a full understanding of biotech, but rather highlighting some of the key drivers.
Some common trends that I have come up with as follows:
- Declining reimbursements have led to an increase in the price of drugs
- Aging population has increased demand for new medications, as diseases are becoming more complex and much more difficult to treat
- The shift from volume based care to value based care under MACRA has put added regulatory pressures on pharmaceuticals
- An increase in healthcare consolidation as a means to reduce costs from added regulatory burdens
- Large-cap pharma has excess cash on their balance sheets and are facing pressures from investors/shareholders to increase their M&A activities.
Please feel free to comment if I'm incorrect or if I have missed anything crucial that is worth mentioning.
Thanks.
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