As the XBI Suffers, Q1 Shows a Few Comforting Signs of Underlying Stability

As the XBI Suffers, Q1 Shows a Few Comforting Signs of Underlying Stability

Despite the XBI’s 27% drop since Trump’s election and widespread market uncertainty, Q1 2025 biotech dealmaking and venture funding showed surprising underlying stability, particularly in licensing, M&A, and Phase 2 asset deals. Data from DealForma highlights the rapid rise of Chinese biotechs, now accounting for 42% of major licensing deals, while Big Pharma continues to prioritize mid-stage assets. Read the article here

All of this by stage, disease indication, modality, target…

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Licensing Deals
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M&A
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Other Deals
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Funding Rounds
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Company Profiles
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Drug Sales Figures