Frost Insights: Discerning Biotech Bankruptcies in 2023
Frost & Sullivan
JUNE 11, 2024
Biotech bankruptcies reached a record high in 2023 with over 20 companies announcing insolvency. Financial struggles in a post-COVID-19 economy and rising inflation have adversely impacted the global biotech industry. This led to the company’s bankruptcy filing in 2024.
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