Biotech

Biotech
February 2026

Biopharma Market Update

Stifel

Tim Opler

Research

64 Pages

Tim Opler’s latest biopharma market update covers industry sentiment, M&A activity, capital markets & more.

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Markets
January 2026

Quality Opportunities in Healthcare

GMO

Research

4 Pages

GMO describes healthcare as a sector where recent underperformance may be setting up a more interesting forward opportunity. Innovation remains the core engine, with growth tied to oncology, GLP 1 therapies, and vaccines, while demographics support demand.

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lace
Markets
January 2026

Biotech Investing

Verdad

Daniel Rasmussen

Research

29 Pages

Dan Rasmussen and the Verdad team cover the strangeness of the biotech sector, the recent tribulations that have led to massive underperformance of the broader market, the important role played by specialist biotech funds, the factors that drive performance, how to manage risk, and, ultimately, a strategy for how to invest quantitatively in the biotech sector.

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Annual Report
January 2026

Biopharma Trends 2026

BCG

Research

12 Pages

BCG’s report on biopharma trends notes that biopharma’s average total shareholder return was 0% from 2021 to 2025, compared with 16% for the S&P 500. Over this five-year period, only 6 of the top 20 companies outperformed the S&P 500.

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Markets
January 2026

The Case for Optimism

Stifel

Tim Opler

Research

99 Pages

Tim Opler reviews the fundamentals of the biotech sector and why he believes that the upside in the sector is just getting started.

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Markets
January 2026

Women’s Health Volume I: The History of Female WellBeing

Stifel

Tim Opler

Research

236 Pages

In Volume I, Tim Opler reviews the history of women’s health research and discusses areas where progress has been most significant.

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Markets
November 2025

Aging: Looking Forward

Stifel

Tim Opler

Research

333 Pages

In Part II, Tim Opler reviews the status of aging biology and discusses areas where future progress is most likely.

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Markets
November 2025

Focus on fundamentals to bounce back

EY

Lisa LaMotta, James Evans

Research

34 Pages

EY analyzes the 2025 biotech landscape, finding revenues stabilizing while financing and M&A remain subdued.

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Markets
November 2025

Biopharma Market Update

Stifel

Research

101 Pages

Stifel reviews a broad rebound across biotech and pharma, noting that investor optimism and strategic deal-making have returned.

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Markets
November 2025

Biopharma Market Update

Stifel

Tim Opler

Research

69 Pages

Tim Opler gives an update on biotech in China (starting on page 34), noting that activity is off the charts and the U.S. venture presence increasingly visible.

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Markets
October 2025

Breast Cancer: History and Outlook

Stifel

Tim Opler

Research

229 Pages

Tim Opler provides an intellectual progress report on breast cancer from the past to the present, analyzes today’s translational science, and discusses a dozen promising organizations developing new approaches.

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Markets
September 2025

Biopharma Market Update

Stifel

Research

77 Pages

Stifel shared an update on the biopharma market.

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Markets
September 2025

Human Progress, Medicine and AI

Stifel

Tim Opler

Research

101 Pages

Tim Opler's special report covers the adoption of innovation, why medical innovations are so slow to be adopted, and how this may change in the future.

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Markets
August 2025

Biopharma Market Update

Stifel

Tim Opler

Research

73 Pages

Tim Opler covers the evolving cardiovascular drug field, which is accelerating due to the high unmet need.

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Markets
July 2025

Obesity Drug Market Update

Stifel

Tim Opler

Research

253 Pages

Tim Opler gives an overview of the global obesity epidemic and the GLP-1 market.

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Markets
June 2025

Oncology Market Update

Stifel

Tim Opler

Research

82 Pages

Tim Opler covers the trends, deals, valuations, and players in the oncology market.

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Markets
May 2025

Biopharma Market Update

Stifel

Tim Opler

Research

106 Pages

Tim Opler gives an update on biotech in China (starting on page 47), highlighting the rapid change.

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Markets
March 2025

Aging: A Brief History

Stifel

Tim Opler

Research

311 Pages

In Part I, Tim Opler traces the development of our understanding of aging, highlighting milestones, influential publications, and the intellectual progress that has shaped the field.

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Markets
January 2025

Biopharmaceutical Outlook for 2025

Stifel

Tim Opler

Research

124 Pages

Stifel explains why biotech underperformed in 2024, what they predict for 2025, and what the current status is for biopharma capital markets activity.

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Markets
April 2024

AI in Biopharma

Stifel

Tim Opler

Research

288 Pages

Tim Opler goes over the basics of AI and then delves into key opportunities for the use of AI in drug discovery, clinical trials and other settings.

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