May 2022 / VIDEO
Big Pharma: Navigating a Golden Age of Innovation
Investors should focus on trends in the duration and diversity of a large-cap biopharma company’s cash flows.
Key Insights
- Investors should focus on trends in the duration and diversity of a large-cap biopharma company’s cash flows.
- Oncology and immunology, along with Alzheimer’s disease and obesity, are areas where we see a strong overlap between innovation and commercial potential.
- We see the potential for a sharp increase in biopharma mergers and acquistions. This trend is likely to focus primarily on small to mid-sized targets.
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Jeff Holford is an investment analyst covering health care companies in the U.S. Equity Division. He is an Investment Advisory Committee member of the Health Sciences, Institutional International Core Equity, and Overseas Stock Funds. Jeff is a vice president of T. Rowe Price Associates, Inc.
