Bristol-Myers Squibb’s blockbuster $74B deal to buy Celgene creates an oncology powerhouse amid industrywide excitement about the rapidly evolving science and explosive growth of the sector. The agreement could signal a return to deal-making for the pharmaceutical industry in the $133B global oncology therapeutics market.
Deaths from cancer dropped 27% over a quarter century, resulting in an estimated 2.6M fewer cancer death during that period due to treatment advances and smoking decline according to a new American Cancer Society study. Dr. Richard Wender, Chief Cancer Control Officer at the American Cancer Society will present along 400 speakers at PMWC Silicon Valley January 20-23 – See the Program.
Looking back, 2018 was a banner year for pre-revenue pharma IPO and M&A exits, hitting a record deal value of $49B.
- Pre-money valuations and dollars raised reached a five-year high.
- Private M&A posted a 5X median upfront multiple and a median time to exit of just over three years.
- U.S. healthcare venture fundraising reached a record $9.6B, continuing a four-year upward trend.
- Venture investment increased 50% over 2017, setting a record, led by cancer drugs companies.
Pharmaceutical companies need more than just good science to compete in the cancer space amid growing price pressure. Being bigger helps in negotiations with payors and pharmacy benefit managers (PBMs) who determine reimbursement and coverage.
Overall, 2018 was a relatively quiet year for mega deals in the industry: Takeda’s $62B agreement to buy Shire accounted for about half the total deal value through the first nine months. The reason for the lack of deals was out-of-reach company valuations. But market capitalizations of public biotech companies fell at the end of the year.
Cancer drugs are an attractive area for pharma companies because these drugs command a premium, but don’t require the expensive sales forces needed for other indications. The recent release of positive clinical data by number of companies increased the pool of prime acquisition targets. As a result, analysts expect 2019 to be a very strong M&A year across the board for pharma.
PMWC 2019 Silicon Valley, taking place in just 11 days will cover pharmaceutical market trends, this in addition to many other topics–from the science, regulatory, legal, reimbursement to new health care models.
My team and collaborators worked diligently to bring you this timely conference. Investors, M&A executives, and pharma leaders will not find anything else like it in a single venue. I hope to see you at this timely conference – let’s convene and talk! See the conference agenda or just send me an email.
Best regards,
Tal Behar
Co-Founder & President
PMWC Silicon Valley – Santa Clara Convention Center – January, 20-23
Celebrating 10 Years of Precision Medicine Innovation
The Precision Medicine World Conference (PMWC), in its 17th installment, will take place in the Santa Clara Convention Center (Silicon Valley) on January 21-24, 2020. The program will traverse innovative technologies, thriving initiatives, and clinical case studies that enable the translation of precision medicine into direct improvements in health care. Conference attendees will have an opportunity to learn first-hand about the latest developments and advancements in precision medicine and cutting-edge new strategies and solutions that are changing how patients are treated.
See 2019 Agenda highlights:
- Five tracks will showcase sessions on the latest advancements in precision medicine which include, but are not limited to:
- AI & Data Science Showcase
- Clinical & Research Tools Showcase
- Clinical Dx Showcase
- Creating Clinical Value with Liquid Biopsy ctDNA, etc.
- Digital Health/Health and Wellness
- Digital Phenotyping
- Diversity in Precision Medicine
- Drug Development (PPPs)
- Early Days of Life Sequencing
- Emerging Technologies in PM
- Emerging Therapeutic Showcase
- FDA Efforts to Accelerate PM
- Gene Editing
- Genomic Profiling Showcase
- Immunotherapy Sessions & Showcase
- Implementation into Health Care Delivery
- Large Scale Bio-data Resources to Support Drug Development (PPPs)
- Microbial Profiling Showcase
- Microbiome
- Neoantigens
- Next-Gen. Workforce of PM
- Non-Clinical Services Showcase
- Pharmacogenomics
- Point-of Care Dx Platform
- Precision Public Health
- Rare Disease Diagnosis
- Resilience
- Robust Clinical Decision Support Tools
- Wellness and Aging Showcase
See 2019 Agenda highlights:
- Five tracks will showcase sessions on the latest advancements in precision medicine which include, but are not limited to:
- AI & Data Science Showcase
- Clinical & Research Tools Showcase
- Clinical Dx Showcase
- Creating Clinical Value with Liquid Biopsy ctDNA, etc.
- Digital Health/Health and Wellness
- Digital Phenotyping
- Diversity in Precision Medicine
- Drug Development (PPPs)
- Early Days of Life Sequencing
- Emerging Technologies in PM
- Emerging Therapeutic Showcase
- FDA Efforts to Accelerate PM
- Gene Editing / CRISPR
- Genomic Profiling Showcase
- Immunotherapy Sessions & Showcase
- Implementation into Health Care Delivery
- Large Scale Bio-data Resources to Support Drug Development (PPPs)
- Microbial Profiling Showcase
- Microbiome
- Neoantigens
- Next-Gen. Workforce of PM
- Non-Clinical Services Showcase
- Pharmacogenomics
- Point-of Care Dx Platform
- Precision Public Health
- Rare Disease Diagnosis
- Resilience
- Robust Clinical Decision Support Tools
- Wellness and Aging Showcase
- A lineup of 450+ highly regarded speakers featuring pioneering researchers and authorities across the healthcare and biotechnology sectors
- Luminary and Pioneer Awards, honoring individuals who contributed, and continue to contribute, to the field of Precision Medicine
- 2000+ multidisciplinary attendees, from across the entire spectrum of healthcare, representing different types of companies, technologies, and medical centers with leadership roles in precision medicine