LONDON & BOSTON & TOKYO–(BUSINESS WIRE)–#biopharma–The top 600 biopharma firms added $487 billion in market capitalisation in 2020, according to the Evaluate Vantage Pharma, Biotech & Medtech 2020 in Review report, published today. Companies developing COVID-19 treatments experienced some of the largest gains; the greatest market cap increases by percentage were Novovax (2,702%) and South Korea�s Shin Poong (1,613%).
2020 also saw an unprecedented amount of cash flow into the sector. Drug developers raised a record-breaking $12.7 billion via IPO. This was more than twice the total raised in 2019, and the average amount raised ($167 million) nearly doubled. Private companies also broke records, with an astonishing $20bn invested by venture financers, although the total number of financing rounds was lower than in prior years.
For medical device makers, 2020 delivered split outcomes. The most successful large-cap companies like Teladoc and Novocure saw share prices double, but others like Boston Scientific and Becton Dickinson saw double-digit losses. Privately-held device companies benefitted from an influx of venture capital with a total of $6.4 billion, and medtech IPOs were generally well-received.
The pandemic shone a spotlight on the drug development sector and investor interest drove pharma and biotech to new heights in 2020, said report author Amy Brown. This has set expectations quite high, and many richly-valued companies are under pressure to deliver in 2021.
Other Report Highlights:
To download a complimentary copy of the report, visit https://www.evaluate.com/2020Review.
About Evaluate
Evaluate provides trusted commercial intelligence and predictive analytics for the pharmaceutical industry and their advisors.
Our Evaluate Omnium and EvaluatePharma® platforms offer unique and dynamic insights into pharma asset risk and commercial potential alongside a seamless, comprehensive view of the pharmaceutical market landscape.
Evaluate Vantage our award-winning, independent editorial team provides thought-provoking news and insights into current and future industry developments.
Evaluate has been a partner to industry-leading organisations for 25 years. For more information on how we give our clients the time and understanding to drive better decisions, visit www.evaluate.com.
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