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Over One-Third of Biotechs Face Cash Crunch, EY 2025 Report Finds

on June 20, 2025

Biological Science Disciplines Biopharma capital constraints cash runway EY macroeconomic

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Syncromune Syncron-E Syndax Syndeio Syngene Synnovation Synthesis Syphilis, Congenital SystImmune System System User -- individual T business T cell therapy T cell-targeted T-Bolt T-Charge T-DXd T-cell malignancies T-cell therapy TA-ERT TACTI-004 TAF8 wt Allele TAILORED-AF TAK-279 TAK-921 TAS-205 TB Alliance TCEs TCR TCR-NK cell therapy TEAD2 gene TEAEs TECVAYLI TECregen TESARO TETON-2 THB335 THETA platform THRIVE-2 TIDAL-01 TIGIT antibody TIL cell therapy TJ Biopharma TKI TLN-121 TLN-254 TLN-372 TLR7/8 TLX2 gene TMP-301 TNF gene TNGX TOGETHER-PsO TPRG1L gene TR-FRET TRANSCEND TRANSCEND-T2D-1 TRBV9 gene TRCN-1023 TRD TREX1 gene TRICORDER TRIDENT trial TRIM21 TRIMTAC TRIUMPH TRIUMPH program TRIUMPH-1 TRIUMPH-2 TRIUMPH-3 TRLN TRONTIER TRPC6 inhibitor TRPV4 protein, human TRUTAKNA TRVI TRiM platform TSHA-102 TSX TScan Therapeutics TTAM TTR gene TULIP-SC trial TV ad TYK2 TYK2 Inhibitor TYR wt Allele Tace TaiGen Biotechnology Taiwan market Takeda FDA filing Takeo Takhzyro Taltz Talzenna 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Tonix Tonmya Topaz trial Topco Tortugas Toru Ashida Total Improvement Score Tourette 's syndrome Tourmaline Bio Toxic Epidermal Necrolysis Toxic Oligomers Toxicology Tozorakimab Trace Neuroscience TraceNET Tracer Tracy Beth Heg Traditional Medicine Trail Making Test Transcarent Transcranial magnetic stimulation Transdermal Route of Drug Administration Transfection Transfer RNA Transformation Officer Transformational Data Transforming RNA Medicine Development Translational Oncology Transplantation Transposition of Great Vessels Transthyretin related familial amyloid cardiomyopathy Trastuzumab Rezetecan Travel Health Travere Treatment Adherence Treatment Effectiveness Treeline Biosciences Tregs Trevi Therapeutics TriNetX Trial Phase Trial Termination TrialBlazer Trinity (ethnic group) Tris Pharma TruTCR TrueLab Biopharmaceutical Trump 's Trump administration reforms Trump administration tariffs Trump budget Trump executive order Trump floats Trump import tariffs Trump policies Trump tariff Trust (Social Behavior) Truvada Truveta report Tsingke Tukysa Tumor Microenvironment Tumor Suppression Tumor board Tumor stage Tis Tumor-Infiltrating Tumorad-01 Tumorigenicity Tumour treating fields therapy Turbine Turitz Twist Bioscience Tyler Sloat Type A meeting Type II JAK inhibitor Tyvaso Tzield U-turn U.S. Food and Drug Administration UCCD UK 's UK-US UNC13A gene UNLOXCYT UP-AA UPB UPCR US-China competition US-EU USP30 inhibitor USPTO UTP-monosaccharide-1-phosphate uridylyltransferase activity UgeneX Ugur Sahin Ultreon 3.0 Undetectable Unicorn births Unified - Type of Agreement Uninsured United Imaging Healthcare United Laboratories International Holdings Limited United States Agency for International Development Universal Universal Cells University of California Unixell Biotech Unravel Unspecified Abortion UpToDate Expert AI Updates Upstream Bio Uptake Urate Transporter 1 Inhibitor Urcosimod Urinary Bladder Urinary hesitation Urine culture Urology Urticaria Urticaria due to cold Usher Syndrome Type 1B Usona Institute Utebzi Uwe Buecheler V-01/OPA-100 trial axe VAL-413 VALOR VALOR study VAV1 protein VAX-24 VAX-31 VAY736 VAYHIT2 trial VBDS VCT220 VDPHL-01 VEGFR-targeted therapy VELO VENT-02 VENT-03 VESALIUS-CV trial VESPER-2 VHH VHH Immunoglobulin Fragments VIKTORIA-1 trial VISIONARY VISTA trial VISTAS study VITALIZE VIZZ VLA15 VMAT2 Inhibitor VMX-C001 VRDN-003 VWF wt Allele VX-993 VY1706 VY1706 gene therapy VY7523 VY9323 VYJUVEK Vabysmo slump Vaccination Hesitancy Vaccine Company Vaccine Efficacy Vaccine Reform Vaccine Testing Vadodara Vaginal Microbiome Valar Labs Valiltramiprosate Valinor Vamikibart Vanda Vanderbilt University Medical Center Vanrafia VantAI Variable (uniformity) Variant Bio Variation (Genetics) VarmX Vascular anomaly Vaseline Vasudev Bailey Vault Vaxcyte VectorY Vedana Therapeutics Veeva Systems Vega Therapeutics Veklury VelaVigo Vemircopan Ventana Medical Systems * * Venture Exchange Ventures Verastem Veraxa Verge Labs Verification 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Young Talent Yvonne Greenstreet Z-1018 ZENEO® ZENITH trial ZEPHYR Phase 2 ZEPIZURE ZEUS trial ZG006 ZI-MA4 ZIMA-101 ZM-02 ZUSDURI ZW171 Zaka Zami Aberman Zanidatamab Zealand Zelgen Zelis Zelluna Zemaira ZenGUARD Zenkuda Zentalis Zentek Zepbound KwikPen Zephyr AI Zervimesine Zhongmou Zifo Zilebesiran Zilovertamab Zinc Fingers Zokinvy Zongertinib Zonsen PepLib Zoë Zuellig Pharma ZyDoc a year later aDBS aGvHD aTyr abdakibart abelacimab abemaciclib acasunlimab accelerating development accelerator acceptance access strategy accessible accretion accumulation aceclidine acquisition talks acquisition termination active pharmaceutical ingredients activin signaling acute graft acute heart attack acute systemic infection acute treatment adaptive deep brain stimulation adaptive dosing adeczibart adjunctive therapy adjunctive treatment adjuvant Tecentriq adjuvant setting adjuvant treatment admilparant administration time administrative law administrative proceedings advanced manufacturing advanced solid malignancies advanced sqNSCLC advanced therapeutics advisers advisory advisory appointments advisory meetings advisory panels aesthetic treatments affairs affinity maturation aflibercept age 2 age restriction age-related diseases agency departures agency instability agency staffing shortages aggregator agile agilon aging reprogramming aging-related diseases aglatimagene agreement rate alanyl-glutamyl-aspartyl-glycine aleniglipron all-cash tender alliance allogeneic cell therapy allogeneic hematopoietic stem cell transplant with purging alpha opportunities alpha radioligand therapies alpha radiopharmaceutical alpha-synuclein antibody alternative testing alternatives aluminum potassium sulfate ambulatory care services ametefgene parvec amezalpat amivantamab amsacrine/azacitidine/etoposide amyloid beta antibody amyloid-beta amyloid-lowering drug analytics anaphylaxis anifrolumab anitocabtagene autoleucel annamycin annualized height velocity anti-APRIL antibody anti-CD47 monoclonal 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therapy autologous neurons autonomous avibactam avutometinib plus axon degeneration axonal degeneration azetukalner aztreonam b.well partnership backer bacterial detection baldness cure bankruptcy filing becton dickinson belumosudil bemarituzumab bempikibart benefit-risk profile benralizumab berobenatide bespoke beta version betovumeline bexmarilimab bidders bile acid therapy biliary cholangitis billing practices bimagrumab bimatoprost IOL bimekizumab binding affinity measurement biochemical recurrence bioequivalence bioequivalence facility bioequivalence study bioequivalence testing biofilm-driven chronic respiratory disease biologic blockbusters biomanufacturing jobs biomarker qualification biomarker test biomedical foundation models biomedical innovation biometric tracking biomolecular AI biomolecular structure prediction biopharma agents biopharma exit strategy biopharma financing biopharma fund biopharma industry biopharma job biopharma layoffs Q2 biopharma regulation biopharma 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clotting drug blood pressure ambulatory blood pressure pill blood sugar control blood vessel disorders blood-based cancer board members board restructuring board shake-up body proportionality bone lesion prevention bonus boost booth bortezomib brain fluid brain organoids brain shuttles brain volume brain-penetrant brain-penetrant delivery brand-name brand-name drugs brand-name prescriptions branded medicines brengitecan bridging study briefing briefing documents brimonidine broaden bulks list business development priority business options business plan business practices business split business strategy business unit butyrophilin superfamily buying spree cAMPfield cDNA display proteolysis cGAS inhibitor cGVHD cUHDRS cUTI cUTIs cabotegravir calcific aortic valve stenosis calcium camlipixant campaign campaigns camrelizumab canakinumab cancellations cancer antigen therapy cancer biotech cancer diagnostics cancer drug sales cancer funding cancer intelligence cancer medicines cancer meds cancer prediction cancer proteins cancer research trends cancer testing cancer therapeutics cancer treatments cancer trials capacity quadruple capital constraints capital investment capivasertib capivasertib PIK3CA AKT pathway capsid delivery car-treg cell therapy carbachol cardiac research cardiac safety cardiac safety signal cardiac sarcomere modulator cardiometabolic care cardiorenal medicine cardiotoxicity screening cardiovascular asset cardiovascular benefits cardiovascular conditions cardiovascular deaths cardiovascular gene therapy cardiovascular program cardiovascular safety cardiovascular screening cardiovascular trial care coordination career cargo receptor ligand activity cartilage degradation carve-out casdatifan cash balance cash dividend cash-paying cell analysis cell classification cell q cell therapy sale cell therapy sales cell transfer cell transformation cell-associated neurotoxicity cell-cell project cell-device combo cell/gene therapy cellular perturbation cellular rejuvenation cema-cel cemdisiran central reads central subfield cerebrotendinous xanthomatosis cfNI software chairman resignation charmed chase checkpoint inhibitor-resistant chemical alternatives chemical modifications chemical space chemo-displacement chemo-turned-gel drug chemotherapy-free regimen chenodeoxycholic acid childhood health chinese medicine cholesterol ester transfer protein inhibitor cholesterol-lowering choline chronic disease epidemic chronic disease management chronic graft-versus-host disease chronic health conditions chronic hepatitis delta virus chronic hives chronic thyroid eye disease cisplatin-eligible cisplatin-ineligible citizen petition cityRNA civil clawback rate clazakizumab clean sweep cleavage-inducing tiny RNAs clemidsogene lanparvovec cleminorexton click clinic entry clinical dataset clinical diagnostics clinical failures clinical holds clinical improvement clinical proof-of-concept clinical queries clinical reproducibility clinical research services clinical results clinical seizure clinical terminology clinical trial conduct clinical trial halt clinical trial pathway clinical trial results clinical trial review clinical trial update clinical update clinical visualization clinical worsening clinical-stage AI startups clinical-stage biopharma clinical-stage biopharmaceutical clinical-stage biotech clinical-stage biotechnology company clinical-stage companies clinical-stage company clinical-stage immunotherapy clinical-stage pharmaceutical clinically meaningful clinicogenomics cliramitug clofutriben clone stability closed-loop interventions closed-loop systems co-development co-exclusive license co-location coalition cognition cognitive improvement cognitive side effects collaborative framework collaborative healthcare coloplast commercial supply chain commitment commitment unchanged commitments community grants community-oriented clinical trials companion diagnostics company closure company transformation compensation pharma competition codenames competition rules competitive weight loss medication complement system complete response rate complete responses composition-of-matter patent compounding pharmacy computational drug discovery computational pathology computational power computational protein design computational protocol concealment concerns safety concessions conditional approval pathway conditioning regimens confident confidentiality confirmatory study confirmatory study failure conflict of conservative criticism conspiracy constitutional challenge constitutionality consumables consumer relationship content intelligence contextual errors contingent value contingent value rights continuous continuous trial contract cancellation contract extension contract manufacturer contract research control act - information controllable controversy conversation conversion factor convertible cooperation copper histidinate copper isotopes cornea surgeon corneal endothelial disease coronary imaging coronary trial corporate development corporate governance cortisol modulator cost of care cost reduction cost-cutting initiatives cost-effectiveness cost-reduction cost-saving country-of-origin labeling covalent binding drugs covalent biologics covalent chemistry covalent drug discovery cranial neurosurgery crash craving control credit card fees critical bleeding crizanlizumab crofelemer cross-border cross-border pharma ctDNA-guided therapy curative medicines customer-facing organization customs loophole cut corners cutaneous remission cyclic adenosine-5'-trimetaphosphate cyclobenzaprine cynicism cytarabine/etoposide/methotrexate protocol cytisine cytotoxic T-lymphocyte antigen 4 daily pills daisy danegaptide dapagliflozin daratumumab daridorexant data bottlenecks data breach data gaps data generation data harmonization data misinterpretation data modernization data package data secrecy data solutions data stewardship data stolen data-driven decisions data-driven health data-driven innovation de novo miniproteins deal activity deal termination death risk reduction debt maturity extension debt obligations debut decade-long safety test deceptive deceptive marketing decision day decision science defactinib deficiencies degrader antibody conjugate delgocitinib delist delivery options demerger demyelination dencatistat depression drug deprioritization deruxtecan-nxki developmental restoration device regulation diabetes drugs diagnostic kit diagnostics industry difficult-to-treat psoriasis digital coaching digital dermatology digital enablement digital endpoints digital health ecosystem digital health records digital health regulation digital health screener digital infrastructure digital marketing digital medicine digital microfluidics digital pathology prognostic test digital quality systems digital solutions digital therapeutic digital tools digital twin diluted cardiomyopathy dimethylethylsilylimidazole direct-to-consumer ( DTC ) direct-to-employer direct-to-patient model director director firing directors disability services disciplined discounts discovery engine discovery market disease activity disease awareness disease clinical trials disease control rate disease drug disease flexibility disease program disease research disease sales disease therapies disease treatment disease vouchers disease-modifying treatment disorder control (procedure) disparagement dissolvable distributor network divestiture divestitures dolutegravir domestic pharmaceutical industry domestic production domestic supply chain doravirine doravirine/islatravir dose-response doubt downsides downsizing downturn draft report drinking levels drug activity drug ads drug affordability drug application drug approval outlook drug candidates drug combo drug competition drug conjugates drug delivery innovation drug delivery platform drug development pipeline drug development sentiment drug discontinuation drug discount program drug establishment registration drug failure drug import duties drug import plan drug importation drug imports drug ingredients drug lag drug launch drug licensing drug manufacturers drug markups drug optimization drug pipeline drug price discounts drug price negotiation drug prices fall abroad drug pricing plan drug pricing policy drug production drug quality drug rebates drug rejection letters drug rejections drug relabeling drug review reforms drug reviews drug sales drug supply chain drug-resistant drug-resistant TB drug-resistant focal seizures drug-to-data pivot dual pathway inhibition dual-agonist dual-payload ADC dual-payload technology dual-targeting dulaglutide duplicate discounts durvalumab dwarfism trial e-posters eGenesis eRNA earlier-line treatment early disease early-phase trials early-stage trial earnings beat easing ecnoglutide efdoralprin alfa efimosfermin alfa efzofitimod elacestrant elebsiran electronic health record - ActClassContainer elenestinib elinzanetant eloralintide elranatamab emergency medicine (field) emiltatug ledadotin emotional dependency employee layoffs employment employment reduction emugrobart enLIGHTEN Discovery Platform end-to-end antibody discovery endocrine disease specialist enforcement action enforcement letters enfortumab enfortumab vedotin engineered peptides enlicitide decanoate enobosarm enrollment enrollment forms enrolment ensitrelvir entera enterprise reorganization environmental enzyme engineering enzyme restoration enzyme technology eosinophil epigenetic editing epigenetic immunomodifier epigenetic modulator epigenetic therapy epinephrine equity buyback equity financing equity upside ersodetug esreboxetine estate estrogens etalanetug etanercept etrolizumab evaluation event cycle everolimus evidence-based evolocumab exagamglogene autotemcel exclusivity extension executive actions executive changes executive exits executive survey executive team executive vice president existential threats expanded label expansions expedited pathway expertise experts booted expirations exploitation external control group external controls external partnerships extrahepatic RNAi eye treatment facilities facility closure facility consolidation factor XIIa factory closure fam-trastuzumab fantasy-romance farabursen farm-to-hospital faster fat loss fat reduction federal AI federal agencies federal courts federal directives federal grants federal workers fee structure fenebrutinib fentanyl fesoterodine fibroblast immunology fibrodysplasia fibrosing fibrotic diseases fidrisertib field ablation figures filing checklist final analysis financial guidance suspension financial outlook financial recovery financial strategy financial struggles financial troubles financing strategy finerenone firi-cel firing first-in-class antibiotic first-in-human trials first-line maintenance fiscal five-year flagship office flaws flu/COVID-19 foreclosure proceedings foreign companies foreign direct investment foreign drug manufacturing foreign factories foreign investment formula update formulary exclusion formulations four-letter suffix franchise frataxin frataxin protein fratricide-resistant free trial frontline AML frontline therapy fruit-flavored vapes full-year guidance fumaric acid function funding agreement funding bill funding cut funding environment funding lapse funding rounds fungal prophylaxis furosemide gRED gallium gamgertamig gamma secretase inhibitor gamma-linolenic acid garadacimab-gxii gastric inhibitory polypeptide receptor gastroenteropancreatic neuroendocrine tumors gastrointestinal gemcitabine intravesical system gemcitabine releasing system gene delivery process gene editor gene modulation gene therapy platforms gene variants gene writing gene-editing therapy general-purpose generative design generative models generic competition generic manufacturing generic medications generic semaglutide generic tirzepatide generics revenue generics slump genetic cell genetic data genetic diagnosis genetic dilated cardiomyopathy genetic epilepsies genital lesion reduction genome engineering genome screening genomic analysis genomic drug discovery genomic medicines genomics AI genotoxicity geographic population geopolitical factors geopolitical risk gildeuretinol glatiramer acetate global commercialization global competition global competitiveness global drug development global drug pipeline global growth strategy global headquarters global health programs global health security global license agreement global network global price global research collaboration global sales global strategic R&D center global strategic collaboration global strategic partnership global strategy global trade tensions global trial global workforce reduction glycoengineering glycosylation go-to-market models golden decade golimumab government events government programs government review governmental engagement grace granite grant cancellation green energy green list green manufacturing gross profit growth Z-score growth drivers growth opportunities growth products guidance raise guidance revision guidance upgrade guidances gusacitinib hair loss treatment halt hand sensation hands-free harassment head-to-head psoriasis head-to-head trial headcount health coverage health data privacy health industry health officials health prediction health records health system partnerships health systems health tech venture health tracking health workers healthcare AI healthcare IPO healthcare IT healthcare agencies healthcare analytics healthcare appointments healthcare benchmark healthcare budget healthcare changes healthcare executive healthcare finance healthcare financial performance healthcare funding healthcare infrastructure healthcare innovation healthcare legislation healthcare marketing trends healthcare operational healthcare operations healthcare payments healthcare specialist healthcare startup healthcare trends healthcare venture healthcare workflow healthspan healthy lifespan healthy longevity heart drug heart events heart risk-benefit debate guidelines heavy drinking height velocity hematologic cancers hematologic care hematoxylin and eosin ( H&E ) stained hemophilia A program hep C pill hepatitis B functional cure hepatitis B policy change heroin herpesvirus 2, human heterozygous high-dose high-dose neurotherapy high-dose regimen high-performance computing high-profile high-risk patients high-throughput higher risk higher-value reagents highest-paid pharmaceutical CEOs hindrance hiring challenges hiring rebound hold-and-kill homegrown hormone receptor-positive hospital apps hospital intervention hospital nutrition host disease human care navigators human-relevant models huntingtin-lowering hyaluronidase hybrid intelligence hydroxyurea hyper-personalized engagement hyperscaled data iMTP iNHL iPSC-derived iPSCs iSCIB1 + iSCIB1 + melanoma immunotherapy idiopathic Parkinson 's disease illegal immigration iloperidone iluzanebart image management imaging AI immune compromise immune disorder therapy immune mapping immune profiling immune protection immune reset immune signaling pathways immune system reprogramming immune-related adverse events immuno-dermatology immuno-fibrosis immunoglobulin G immunology drug development immunotherapy drugs implantable device implementing import rules import taxes impurity in situ in vivo studies in vivo therapy incidents inclacumab incretin secretagogue incretin therapy indictment individual choice individual-based decision-making induction trials ineffective efforts infant infestation influenza prevention inhaled drugs inhaled lung disease inhaled therapies inidascamine initiation protocol injectable obesity therapy innovate innovation centre innovation grants innovation pipeline innovation strategy innovative drugs innovative medicines innovative trial inorganic pyrophosphate insider insider trading insolvency insulin delivery insulin icodec-abae insulin production integrated decision-making integrated solutions interferon pathway interleukin-11 interleukin-12 interleukin-23 receptor activity interleukin-3 interleukin-4 intermediate-risk internal disagreement internal rate internal tensions international drug international operations international pricing international trade internet phrase internship intestinal growth intisemeran intra-abdominal infections intracortical microstimulation intraoperative guidance intrathecal delivery intrathecal formulation intravenous delivery intravenous formula investing investment cutback investment grants investor rescue investor sentiment irAE isatuximab isolator technology itolizumab ixekizumab ixovec iza-bren izalontamab judgment jumping gene jumping genes juniper tar jurisdiction kickback scheme kidney drug kidney therapeutics kilobase pairs kinase inhibitor [EPC] kininogenase kyron.bio lab results lab space label extension label update labeling change labeling changes laboratory modernization laboratory reform programme lack of lack of transparency lackluster data lanifibranor large-scale manufacture laru-zova late recurrence risk late-stage assets late-stage clinical development late-stage pipeline late-stage testing lawmakers layoff leaders leadership shake-up lean muscle lecanemab-irmb legacy cancer legal victory legality lenacapavir weekly lender takeover lentiviral vector lentiviral vectors lenvatinib letrozole leuprolide levacetylleucine levodopa levy liability liability frameworks license suspension licensing restrictions lidERA life science incubator life sciences companies life sciences fund life-extension life-saving medicine likeability lincomycin linezolid liquidation live event liver enzyme elevation liver mRNA medicine liver survival loan financing localization locally advanced locally advanced head locally advanced risk long-acting injectable long-acting injectables long-acting protection long-acting therapies long-acting therapy longevity science lorlatinib loss of function loss treatment lotiglipron low low-cost lower dose lower-risk myelodysplastic syndromes lunbotinib fumarate lung scarring lunsekimig lupus skin drug lurbinectedin lymph nodes lymphocyte immune globulin, anti-thymocyte globulin lymphocyte-activation gene 3 protein lymphocyte-activation gene 3 protein, human mAbxience mCSPC mCombriax mFARS mGnP mNEXSPIKE mRESVIA mRNA contracts mRNA degrader mRNA misinformation mRNA production mRNA therapy mRNA-1083 mRNA-1283 mRNA-1647 cytomegalovirus vaccine mRNA-4359 mRNA-based mRNA-based Personalized Cancer Vaccine mRNA-4157 mRNAs mTNBC mTORC1/2 inhibitor machine learning model macroeconomic macrophage-based programmes macular maintenance phase malignancy risk malignant haematology management layers management technique mandates manufacturing campus manufacturing challenges manufacturing closure manufacturing company manufacturing consolidation manufacturing license manufacturing organization manufacturing practice manufacturing process manufacturing shutdown manufacturing uncertainty marketing approval milestones marketing authorisation marketing officer marketplace marstacimab mast cell therapy match Eylea maternal-fetal monitoring mazdutide measles, mumps, rubella, varicella vaccine measurable outcomes mechanistic trials mechanoporation med-tech median employee medical advancements medical benchmarks medical breakthroughs medical data medical device company medical documentation AI medical freedom medical groups medical jargon medical leadership medical review medical supplies medical supply chain medical technology exemptions medical wearables medtech industry meeting cancellation mega depots megascale melanin-concentrating hormone membranoproliferative glomerulonephritis men 's health menen inhibitor mental health innovation merger cancellation mesothelin metabolic dysfunction-associated steatohepatitis metabolic health metabolic medicines metagenomic sequencing metastatic solid tumors metastatic triple-negative breast cancer methylone mezigdomide mezigitamab mice studies microdosing microenvironment microneedle patches microneedles microparticle technology microservices mid-2030s mid-stage middle dose middle-income countries middlemen midline glioma midterm milestone payment milsaperidone mini-proteins minimis exemption minimization miniprotein design suite missed milestone mitazalimab mivelsiran molecular AI molecular design molecular entities molecular glue degrader molecular modalities molecular point-of-care molecular residual disease moments monogenic kidney diseases month most-favored most-favored-nation pricing motor fluctuations motor milestones mouse models movers mucosal healing multi-agent system multi-agent systems multi-cancer early detection multi-cancer screening multi-cancer tests multi-domain proteins multi-institutional research multi-medicine platforms multi-omic strategies multi-payload multi-program collaboration multi-sensor multi-specific antibodies multi-target collaboration multi-year collaboration multibillion-dollar market multiforme multimodal approach multimodal data multiple disease areas multiplex test multiport surgery multispecific antibody muscle disease therapy muscle health muscle loss muscle strength endpoint muscle-invasive musculoskeletal conditions myQA StarTrack myelin repair myosin inhibitor myostatin antibody myostatin inhibitor nAMD nHCM naloxegol naltrexone-bupropion naming convention nano-in-micro delivery nanobody nanodelivery nanosecond naproxen-n-butyl nitrate narcolepsy drug narsoplimab natalizumab nation policy national dementia registry national priorities national priority review voucher national priority review vouchers national sector growth nations natural orifice surgery naturalX nature-inspired drug discovery navacaprant navenibart navtemadlin needle-free vaccines negative adcomm negative opinion negotiators nemolizumab neo-epitope cancer vaccine neosubstrate neuro injury neuro pipeline neuro-metabolic diseases neuro-rare diseases neuro-specialty diseases neurodegeneration therapy neurodegenerative neurofibroma neuroimmune disorders neuroinflammatory neurological therapies neurology pipeline neuropathic corneal pain neuroplastogens neuroprotective neuropsychiatric disorders neuropsychiatric drugs neuroreparative therapeutics neuroscience division neurotechnology neurovascular AI neutrophil-mediated disease new product newco nexiguran nexiguran ziclumeran next-gen brain therapies next-gen pneumonia next-generation Covid vaccine next-generation RNAi next-generation drugs next-generation vaccine nintedanib ninth nipocalimab-aahu nirsevimab nizubaglustat nmHSPC nodularis nomination committee non-European ancestry non-FDA non-antipsychotic non-competitive profile non-cystic fibrosis bronchiectasis non-dilutive non-dilutive financing non-generic specialty non-hormonal therapy non-incretin therapies non-inferiority non-mRNA vaccine non-metastatic non-opioid non-opioid pain medication non-opioid pain relief non-opioid pain therapies non-relapsing secondary progressive non-surgical back pain non-ultrasound-trained operators noncirrhotic nonclinical reporting nonprofit webinars nonrelapsing nonresponder nonsurgical treatment options normative wakefulness nucleic acid delivery nusinersen obesity therapy obesity-related cancers obsidian ocadusertib ocular adverse events ocular delivery ocular immunology off-target offerings office closure offloading offshore older children oligomer selectivity olorofim olverembatinib omnichannel on-demand once-daily pill once-daily tablet once-weekly once-yearly oncology acquisition oncology advancements oncology collaboration oncology combo oncology company oncology decisions oncology diagnostics oncology ecosystem oncology expert oncology licensing deal oncology market oncology pivot oncology portfolio oncology supply oncology therapeutics oncology trials oncolytic immunotherapy online program ontunisertib open innovation open science open-label extension open-source AI open-source dataset openFDA operating costs operating expenses operating profit margin operational efficiency operational transformation optimisation programme opto-acoustic imaging oral FASN oral PCSK9 oral asthma therapy oral carbapenem oral cholesterol pill oral drugs oral formulations oral hair loss oral inhibitors oral minoxidil oral obesity drug oral peptide oral pill oral pill vaccine oral presentation oral regimen oral small molecule RNA degrader oral small-molecule therapeutics oral small-molecule therapy oral targeted therapy oral weight loss drug orchestration orelabrtuinib orexin agonist orexin receptor type 2 organ donor organic growth orglipron orphan drug exclusion orthopedic innovation osavampator ossificans otoferlin out-licensing outbound investment over-reaction overall response rate overcapacity overhangs overhaul overhype overmedicalization overseas oversubscribed oversubscribed fund ownership increase ozekibart ozureprubart p-tau217 p53 reactivator pTau217 packaging issues pain assets pain crises palivizumab pamirtecan pan-JAK inhibitor pan-KRAS pan-TEAD inhibitor pandemic influenza paradigm partial response partnering with pasritamig patent expiration patent license pathology AI patient definition patient management patient meals patient navigation patient populations patient recruitment patient-provider interaction patient-specific therapies patient-specific therapy patient-ventilator asynchrony patritumab pattern hair loss pause recommendation pay-for-delay payer paying payload payors peak sales pediatric brain cancer pediatric diseases pediatric dosage pediatric drug designation peer pelareorep penicillin recall pent-up demand peptide therapeutics performers perioperative therapy permanent role personal data personal genome service personalized cancer therapy personalized care personalized health services personalized healthcare personalized neuromodulation personalized treatment personnel change perspectives pertuzumab petition pharma TV ads pharma biggest company pharma brand engagement pharma companies pharma consolidation pharma directors pharma division pharma industry pharma investment pharma investments pharma packaging pharma patent expirations pharma policy pharma reforms pharma reshoring pharma response pharma skills shortage pharma tech pharma trade group pharmaceutical AI pharmaceutical advertising crackdown pharmaceutical backing pharmaceutical collaboration pharmaceutical commercialization pharmaceutical communications pharmaceutical delays pharmaceutical delivery pharmaceutical divestment pharmaceutical drug discount resistance pharmaceutical earnings pharmaceutical employment pharmaceutical imports pharmaceutical investment pharmaceutical investment Germany pharmaceutical lawsuits pharmaceutical leadership pharmaceutical licensing pharmaceutical lobby pharmaceutical market pharmaceutical mergers pharmaceutical milestones pharmaceutical rebates pharmaceutical revenue pharmaceutical setback pharmaceutical setbacks pharmaceutical trade pharmaceutical trade war pharmacy platform pharmacy reimbursement phase 2/3 trial phase 3 POIESIS trial phase 3 failure philanthropy phosphodiesterase 4B physiological aspects physiological chemistry pilot data pimecrolimus pipeline blips pipeline cull pipeline gaps pipeline management pipeline restructuring pipeline setbacks pipeline shake-up pipeline shift pipeline update pipeline work pivekimab sunirine pivot resources pivoxil pizuglanstat placebo-adjusted improvement plant construction plasma-derived therapies plasma-derived therapy platelet levels platform immunotherapy * * pledge plozasiran pneumococcal conjugate vaccines pociredir podcast political politicization poly-N-4-vinylbenzyllactonamide poly-refractory rheumatoid arthritis portfolio companies portfolio prioritization portfolio reprioritization portfolio support posdinemab post-COVID post-hoc analysis post-marketing requirement post-marketing studies postprandial povetacicept pozdeutinurad practice expense practice-changing pre-IPO pre-IPO ' pre-commercialization precision neurology preclinical CRO preclinical assets preclinical drug preclinical drug discovery preclinical program preclinical research preclinical studies pregnancy detection pregnancy screening preliminary assessment preliminary injunction prescribers prescribing habits prescribing rules prescription drug ads prescription renewals prespecified pretomanid prevention antibody preventive healthcare preventive services panel price controls price decline price drop price hike price transparency price-fixing pricing flaw pricing policies pricing practices pricing pressures pricing reform prifemilast primary endpoints primary listing prioritization priority brands priority vouchers private block trade proactive care product hopping product strategy profit margin profitability programmable RNA medicines programmable biology progressiva project cancellation proof-of-concept study propane propiolactone protections protein compounds protein drug discovery protein elimination therapeutics protein expression platform protein folding protein levels protein science protein structures protein-based vaccine protein-ligand datasets protein-ligand prediction provider operations pruritus treatment pseudobulbar psychedelic medicine psychedelic mental health market psychedelic supply psychedelics guidance psychiatric trials psychiatry pipeline public biotech public companies public company public health agencies public health crisis public health debate public health guidance public health leaders public servants pulmonary disease spinoff pulsed field ablation pure-play strategy qAF quality assurance quality control violations quantitative autofluorescence quantum phenomena radiation-free imaging radical transparency radiographic remission radioisotope facility radioisotope supply chain radiological imaging radiology pathology radiotheranostics radiotherapeutic radiprodil ransomware rare blood disorder rare disease rates reimbursement ravulizumab reSET (device) readout real-estate real-time real-time clinical trials real-time disclosure real-time publishing realistic medical scenarios rebate rate rebate schemes rebranding reciprocal tariffs recognition recombinational repair record sales recurrence-free survival recurrent astrocytoma redesable eye drop reduction in force reform refractory large B-cell lymphoma refractory myeloma refusal-to-file regenerative cell therapy registrational registrational study registrational trial regulatory AI frameworks regulatory RNA regulatory advocacy regulatory agency regulatory alignment regulatory barriers regulatory certainty regulatory change regulatory changes regulatory complexity regulatory consulting regulatory decision regulatory disclosure regulatory dynamics regulatory easing regulatory governance regulatory harmonization regulatory hurdle regulatory innovation regulatory law regulatory meetings regulatory reform regulatory reforms regulatory risk regulatory sandbox regulatory standards regulatory streamlining regulatory submissions regulatory transparency reinstatement relapsed/refractory B-cell non-Hodgkin lymphoma relapsed/refractory large-B-cell lymphoma relapsed/refractory multiple myeloma relatlimab remission rate remote scanning remternetug remyelination renal response renewal representatives reproductive health biotech repurchase reputation rescheduling rese-cel research discontinuation research instrument development research partnerships research program research retraction research study research universities resignations resource shortage respiratory vaccines respiratory virus season restore restraining order restricted population restrictions restructuring charges resume analysis revakinagene taroretcel-lwey revamp revenue dip revenue goal revenue guidance cut revenue target revumenib revyve rezafungin ribonucleoside-diphosphate reductase activity rilvegostomig risankizumab risedronate risk factors risk-based risk-based oversight risperidone risvodetinib risvutatug rezetecan rituximab rivalry rivals square robotic HIFU robotic automation robotic knee replacement robotic platform roll-ups romantasy ' rondecabtagene autoleucel roundtable royalty acquisition royalty management royalty monetization rubrics runway rural healthcare sBLA sHTG sacituzumab govitecan-hziy safety signal salanersen sale rule sales guidance sales milestones sales outlook salicylhydroxamic acid sample stabilization satralizumab scFv scPharmaceuticals scSurvival scale-up scaling not solving scandal scenario school meals science-led storytelling scientific advisors scientific discovery scientist protest screening program search behavior seasonal flu second quarter 2026 secondary blood cancers secondary endpoint secondary markets secrecy China sector rotation secured secured debt securities securities fraud seed financing seed investments seizure drug seladelpar self-administered drug self-administration self-collection devices self-injectable self-injection business self-injection systems self-paying self-serve self-service selloff selpercatinib semax semiconductor supply chains semiconductor tariffs sensor (device) sequence-based AI serono setrusumab sevasemten seventh shadow AI shakeup sham surgery sham-controlled trial shareholder value shelf registration statement shortage shot marketing shrinking shrinking budgets shutdowns shuttles sialidase fusion protein sigma-2 receptor single dose single-cell RNA sequencing single-dose vials single-port surgery sirolimus site closure site transfer sizing kit skin clearance sleep biotech sleep-inducing peptide slow awareness slower small molecule agonists small molecule candidates small molecule design small molecule drug discovery small molecule drugs small molecule inhibitors small molecule medicines small molecule therapies social disadvantage software-as-a-medical-device soles psoriasis solid cancers solid tumor cancer solid-state batteries soluble NSF attachment protein activity somatic genomics somato-cognitive action network somatropin sonefpeglutide sonesitatug sonrotoclax soquelitinib sorfequiline sortilin sotatercept-csrk spatial profiling spatial proteomics specialty brands specialty diseases specialty drugs specialty endocrinology spectral imaging spesolimab spin-out spinoff spleen exam splice correction splicing correction spotty complaint reporting staff exclusion staff reduction staff reorganization stage IV reduction stake sale stalking horse stance standards characteristics starter dose statistical methods stealth stem cell-derived islet cells stem cell-secreted proteins sterile cartridge facility sterile manufacturing steroid-sparing stock price stock purchase stock repurchase programs stock sale stock sales stock slide stock slip stockholder stockpile stockpiling strain Big Pharma market pressures strain selection strategic advisory strategic alignment strategic assets strategic collaborations strategic decision-making strategic investors strategic options strategic overhaul strategic pivot strategic plan strategic reserves strategic transformation strategy streamlined process streamlined review streamlined system stroke trial structural changes stuttering pipeline subcutaneous administration subcutaneous elegrobart subcutaneously delivered antibodies sublingual tablets submission delays submission program suboptimal response subscription cancellation success rates succession planning suicide suicide warnings sunitinib sunvozertinib superbugs supercomputer superiority trials supplemental approval supply chain exposure supply chain management supply chain resilience supply chains supply shortages supply suspension suppurativa surgical guidance surgical planning surgical robotics surrogacy surrogate endpoint surveillance aspects survival data survival extension survival hazard ratio survival rate sutacimig suvorexant sweat sensors synovial fibroblasts synthetic construct synthetic royalty syphilis treatment tarcocimab tedromer target-effector pairs targeted alpha therapies targeted alpha therapy tariff avoidance tariff exemptions tariff increase tariff pause tariff threat tarlatamab-dlle tau therapy tau-targeted therapies tau-targeting tau-targeting antibody tau-targeting drug tavatecan team shutdown team transformation tebipenem tech partnerships technology innovation technology summits teen suicide telehealth platform tenofovir tenofovir disoproxil fumarate tenure terabytes terminated - RoleStatus therapeutic development therapeutic diversification therapeutic payloads therapist thermal imaging theta/beta ratio third quarter third-party facility three-year thrombotic disease thymic stromal lymphopoietin thymus regeneration thymus-targeted thymus-targeted therapy ties time acceleration tissue models tobevibart tominersen top-selling drugs topical amitriptyline topical treatment topotecan total health toxic bacteria toxicity profile trade agreement trade compliance trade deficit trade deficits trade policy trade secrets trading training data trans-splicing ribozyme transatlantic trade transdermal cannabidiol gel translational translational biology transposons transthyretin-mediated amyloid cardiomyopathy trauma qualifier traveler treatment approval treatment discontinuations treatment prediction treatment resistance treatment scaling treatment-resistant hypertension trebled treg cell therapy trial results trial site irregularities triple hormone receptor agonist triple seronegative triple therapy triple-G drug triplet combo liver cancer triplet therapy tumor agnostic tumor control tumor response tumor shrinkage tumor-specific antigens tumor-targeting engagers turbulence turnaround strategy twice-daily twice-yearly two-year survival data type I uACR uUTIs ultra-long acting ultra-rare disease ultra-short regimen ultrasound AI software unanimous vote unapproved underregulated unicorn startup union strike universal recommendation university lawsuit unmet unreliable unreported deaths unwinding policies upfront cash upfront discounts upgrade upheaval upper-limb weakness upper-to-lower body segment ratio upstream data urgent care visits urothelial cancer ursodiol utilization qualifier uveitic macular edema vIGA-AD vaccine advisors vaccine advisory panel vaccine agenda vaccine alternatives vaccine approval vaccine delivery vaccine framework vaccine guidelines vaccine industry vaccine injuries vaccine licensing vaccine marketing vaccine misinformation vaccine oversight vaccine pipeline vaccine policy vaccine programs vaccine regulation vaccine skepticism vaccine standards vaccine trial valbenazine valley of death value maximization value-based contracts value-based pricing valve disease varegacestat vascular deposit binding vascular intelligence vascular intervention vascular leakage vaso-occlusive crises vector vectorized veligrotug vendor-agnostic ventilator waveform analysis software verekitug vial stopper defects vidofludimus vilobelimab violation viral shedding viral suppression virtual care model virtual diagnosis vision improvement visual computing vitamin B12 vobra volixibat von Willebrand Disease vopimetostat vorolanib vote voting voxelotor wage waveLINE-003 wear time wearable biosensor wearable regulations wearable sensors wearable technology healthcare wearables market web navigation webinar calendar webinars weight loss business weight loss data weight loss maintenance weight loss market weight loss medication weight loss obesity weight loss therapy weight maintenance weight regain welireg keytruda kidney cancer wellness apps * * white glove delivery white space whole-virus wind-down operations windfall wireless withdrawal of approval withdrawal proposal workflow automation workforce workforce termination workplace toxicity world 's xanomeline/trospium yarrow flower extract yruvate Kinase Activator [EPC] z-rostudirsen zelenectide zelicapavir zenocutuzumab zetomipzomib ziclumeran ziltivekimab zocilurtatug pelitecan zoldonrasib zoliflodacin zongertinib zopapogene imadenovec-drba zorpocabtagene-autoleucel ( zovegalisib Élancé

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