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The Life Sciences industry continues to be one of the most vibrant sectors, with worldwide prescription drug sales expected to reach nearly US$1.2 trillion by 2024.

In the UK alone, there are around 600 biopharmaceutical enterprises.

Clearly, COVID-19 and the search for vaccines and treatments has dominated the sector’s headlines during 2020. Like all industries, the experience will leave a legacy of new ways of working; in this case, closer collaboration and a breaking down of silos.

Moving forward, the sector is looking to reap the benefits of technologies that yield new sources of data.

AI is also making drug development ever-more efficient, and advances mean that diseases that were once fatal are now being managed as chronic. Demand from developing economies is also growing fast – more rapidly, in fact, than in the developed world.

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