Skip to Content
Jump to the top of the page

Investment Banking

The Quarterly Rx: Q2 2023 U.S. Biopharma Recap

Biopharma markets closed the first half of 2023 with renewed optimism and an encouraging outlook for the rest of the year. That comes as major market indices have trended upward—with biopharma emerging as the most heavily weighted sector in the Russell 2000—despite macro concerns following the regional banking crisis.

Public financing markets have warmed, but private companies continue to face challenging decisions amid a slow IPO market and selective private financing market. Simultaneously, SMID-cap M&A helped recycle capital in the sector.

William Blair’s Biopharma team shares perspectives in the Quarterly Rx: Q2 2023 U.S. Biopharma Recap.

Complete the form below to download your copy of the report.

Delivered to Your Inbox

Stay up-to-date with the latest William Blair news and insights

More News and Insights

  • Glass Half Full—Leveraged Finance Markets Stabilize in Second Quarter Capping a Resilient First Half

    Despite macro and geopolitical headwinds, leveraged finance markets stabilized in Q2, setting the stage for stronger M&A activity.

    Read more
  • How Women Are Shaping the Future of Philanthropy

    As women’s influence over wealth grows, so does their impact on philanthropy—bringing a more intentional, values-driven approach to giving across generations.

    Read more
  • Brian Flynn, Michael Loffredo Outline Market Trends in Packaging Strategies

    Brian Flynn and Michael Loffredo discuss how energy prices, digital printing, and sustainability regulations could shape packaging M&A activity.

    Read more

Are you sure you want to leave?

Information contained on the internet is not subject to William Blair & Company's control or review, and may not be accurate.

For disclosure information, please visit www.williamblair.com/disclosures