Biotech Sector Continues Rise, Taking One-Third of Pharma Market in 2023

Biotech products comprise nearly one-third of the $1.5 trillion global pharmaceutical market this year, according to a new Tufts Center for the Study of Drug Development (CSDD) study, with sales growing at five times the rate of traditional pharmaceuticals and hitting $466.3 billion in 2022.
Source: Drug Industry Daily

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