GlobalTrendsinR&D2025ProgressinRecapturingMomentuminBiopharmaInnovationMARCH2025IntroductionThelifesciencesinnovationecosystemhascontinuedtoevolveandexpandasindustryadaptstoacomplexanddynamicrangeofgeopolitical,technologicalandsocialuncertainties,andinvestmentcontinuestoflowintothesector.Innovativesciencehasalsogrowninparallel,asevidencedbyanincreasingproportionofnoveltherapeuticmodalitiesinclinicaltrialsandbyinnovativeproductsreceivingregulatoryapprovalandreachingpatients—withmultipleimportantcellandgenetherapydrugshavingachievedrecentsuccess,alongsidenewoptionsforhistoricallychallengingindications.Despitetheseadvances,improvingtheefficiencyofR&Dremains...
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