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The noblest pleasure is the joy of understanding (L. Da Vinci)
…but markets were not easy to understand in July! Like in June, higher than anticipated monthly CPI figures initially derailed equity markets. Unlike last month, though, stocks soon after flipped into positive territory. July also marked the start of the Q2 reporting season. Healthcare returned 3.3% over the month, while global equities posted a 7.9% gain.
We attended the ASCO 2023 annual meeting in Chicago. After the rise of immuno-oncology, COVID-19 challenged clinical trial execution and muted patient numbers. In the last years we saw many setbacks of once promising immuno-oncology combinations trials.
What mattered this month in healthcare? Q1 reporting came to a close, and FTC action put pressure on the biopharma space and... Find out more in our monthly healthcare newsletter.
With M&A picking up, are we at a turning point for biotech? Check out our latest Kieger AG Chart of the Month Video.
Get in contact with us by using the form below or via telephone. We look forward to hearing from you.
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