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. The biotech bankruptcies in 2023 and early 2024 have adversely affected several biotech sectors.
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