July Biobullets
"Whenever anything is being accomplished, it is being done, I have learned, by a monomaniac with a mission." - Peter Drucker
Hope you enjoy some of these articles I found interesting. It’s been a fascinating re-set in markets, plenty to think through in the current dislocation of geopolitics, inflation, and the continuing covid environment, but we’ll keep the below to healthcare and biotech investing.
Here’s a McKinsey article that is easy reading to get a sense for where their experts believe the next biotech investment themes that will shape the industry.
Numerous listed US biotechs trading for less than cash???
Part of my conviction in the emerging companies in the healthcare sector is due to the dynamics of the cash flows of the global pharma players requiring them to make acquisitions to sure up their pipelines and future revenues. However, the first half of this year has not been evidence of that trend, will the second half pick up?
Bill Ferris, one of the fathers of Australian VC with a word of caution and optimism in the AFR recently
Hope you have a great rest of July!
PS - Apologies for the delay - I found this quote captures well the reasons…"I've been doing a lot of abstract painting lately, extremely abstract. No brush, no paint, no canvas, I just think about it." - Steven Wright