- Just over one year after COVID-19 disrupted our lives, we are now getting to the point where multiple vaccine options are nearly ubiquitous for those in the United States.
- Per the CDC, as of April 12, 36% of the entire US population has received at least one vaccine, and 79% of those aged 65 years and older.
- The biopharma industry has been materially underperforming this year as ramping regulatory concerns and disappointing results from a variety of pipeline candidates weigh on sentiment.
- We think the market overreacted to a few disappointing test results, and we see several innovative businesses whose R&D pipelines are being substantially undervalued.
For further details see:
Moving Beyond COVID In Biopharma