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2020 was a busy year for global healthcare with unprecedented efforts to develop vaccines, treatments, and diagnostics for COVID-19.
Deal flow in the sector continued to gain momentum in 2020, with M&A transactions and product licensing deals totalling five-year highs as large-cap pharma sought to bolster top lines and expand into new therapeutic areas.
Combined with US biotech indices being valued at all-time highs, it will be interesting to see if sector deal flow continues in 2021.