2011 Scrip 100: Fred Hassan - Challenge 2020
This article was originally published in Scrip
Executive Summary
Ask many in the financial community about life sciences in the next decade, and one hears "it's going to be different, right?" The tone is often sceptical. The investing environment in life sciences has turned unfavourable in recent years. At financial gatherings in New York and elsewhere, one hears how investment funds from sectors such as energy are "in", and how funds representing life sciences are "out". They have a point. The stock indices' – whether it is big pharma or other pharma groupings – show 11 years of no progress, although not unlike the S&P 500.