Big pharma’s scramble over the patent cliff will be costly
Groups will need to buy mature biotechs to replace revenue lost to generic competitors
Groups will need to buy mature biotechs to replace revenue lost to generic competitors

A gathering of pharmaceutical executives comes as the sector has rebounded from uncertainty over Trump’s policies

Reforms, faster development and lower costs have turbocharged growth

A shortage of late-stage capital pushes the biggest prizes into US hands

Acquisitions fuel pharma group’s evolution as it prepares to lose patent protection on cancer drug Keytruda

Life sciences should be a natural place to look for growth

Wave of M&A fuels rally as big pharma groups hunt for blockbusters ahead of patent cliff