Biotechnology was dramatically rewarded in the financial markets through much of 2020 and the first half of 2021, widely credited for providing the COVID-19 vaccines. This followed four already exceptional years in the financial markets, with the Nasdaq Biotech Index (NBI) hitting its all-time high of 5449.32 on 30 August 2021.
Healthcare has long been considered one of the most reliable defensive sectors – an effective portfolio buffer when equity markets turn volatile. That’s because hospitals, drug makers, medical device firms and other companies across the healthcare sector benefit from steady consumer demand – still true?
GlaxoSmithKline (GSK), one of the UK’s large pharma player, has voted to spin-off its consumer healthcare business into a new company called Haleon. Shareholders gave the go-ahead for GSK to demerge on 6, July, first trading day is today, 18th of July.
Berlin is no longer well-known only for its amazing cultural landscape and clubbing locations. Today, the German capital is one of the top three European tech start-up cities. This is a major attraction for investors, big pharma companies, and high-class researchers from all over the world who come to settle in the HealthCapital region Berlin-Brandenburg. During BIO-Europe in November, it offers the opportunity to dive into a fast-growing life sciences ecosystem.