Biotech Markets Show Signs of Recovery, but Experts Urge Caution
The biotech industry is experiencing a period of cautious optimism as multiple market indicators trend positively for the first time in years. However, industry experts warn that this upturn may not signal a full recovery just yet.The S&P Biotech ETF (XBI) has climbed 43% in six months, and mergers and acquisitions (M&A) activity has resumed. Venture capital funding has picked up, particularly in the third quarter, with several megarounds attracting crossover interest. LB Pharma successfully broke the IPO stalemate in September, marking a significant milestone for the industry.