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No Seismic Shifts As Torrential Rain Dampens JPM Jamboree

 
• By Mike Ward

Drug pricing, diversity and US tax reform dominated discussions at JP Morgan. Deals announced at the conference didn't spark much excitement, but attendees were confident that the biopharma sector will still get capital market support.

It might have been the torrential rain that fell on the first day of the JP Morgan Annual Healthcare Conference that dampened the spirits of the 9,000 plus delegates attending the traditional annual kickoff for life sciences-focused companies, but the dearth of seismic announcements during the meeting cannot have helped. Major topics of discussion included perennial concerns around pricing models, lackluster deal announcements, poor gender and racial diversity, and what US companies might do with the anticipated tax windfall. There was a lot of discussion but not much clarity.

With the FDA approving the largest number of new molecular entities in more than a decade, there was much backslapping...

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