A broad look at the relationship between valuation movement and headcount changes over a 10 year period for the top 15 biopharma companies by 2022 employee numbers reveals by-and-large what one would expect for these big, deal-making entities. Increases in employee numbers often go hand-in-hand with valuation rises as companies are acquired or product success necessitate increases to sales-staff or manufacturing capacity. However, there are a few standouts.
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