The Greater Boston Area, New York City Metro and San Francisco Bay Area are the top three hubs for biopharma job listings based on an analysis of more than 1,700 recent job postings. Within these hubs, prominent job listing title examples include Vice President of Intellectual Property, Scientist (Bioassay) and Data Scientist I and Research…
As biotech struggles, Big Pharma spends and trims workers
Many smaller biotech companies continue to face a cash crunch as a result of a challenging funding climate and a difficult IPO market. In the past couple of years, many smaller biotechs are running out of cash and being forced to cut jobs or shut down entirely. Median deal sizes for seed, Series A and Series B rounds…
Exploring the forces behind 2024 biotech layoffs: A visual journey
Biotech layoffs continue to pummel the industry in early 2024 — albeit at a slightly lower clip than in 2023. Smaller firms continue to bear the brunt of funding woes and disappointing clinical data. From January to February, operational reorganizations fueled 45 layoff announcements, followed closely by strategic pivots in 37 events. Other common drivers…
Amidst empty labs, signs of biotech’s resurgence emerge
In 2023, a year of accelerated regulatory success, a significant number of biotech labs sat empty in major hubs like San Francisco and Boston. The FDA approved 55 novel therapies in 2023, including Leqembi for early Alzheimer’s and Zurzuvae for postpartum depression. The approval number marked the second highest count in three decades (see graph…
Take a global tour of 19 major biotech hubs with our interactive map
The international biotech sector clocked in at $1.37 trillion in 2022 despite headwinds such as slow launches, long-term drug pricing shifts and changing consumer behavior. Recent biotech breakthroughs include the development of an Ebola vaccine, progress in genetic testing and drug treatments and advances in artificial tissue growth. This article explores several leading biotech…
Seven biologics walking the approval tightrope in 2023
As we venture into the second half of 2023, the global biologics market continues to hover between robust growth and unpredictability. Valued at $461.74 billion in 2022, it’s projected to grow at a compound annual rate of 10.3% from 2023 to 2030, according to Grand View Research. In 2022, biologics edged past small molecules for…