Do you think big pharma is going to make it? Or is the downfall already here?

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Big pharma is fine. Biotech needs interest rates to come down

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People still die, that still sucks - trying to solve that problem remains valuable. Pharma isn't going away.

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What prompted this question?

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The US is the money maker and with IRA looming, AI and bunch of pricing pressures coming, if there is a major hit in the US I don’t know if the current business models are sustainable in the long run. There has to be major consolidation, severe cost cutting, layoffs etc.

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Not sure I entirely agree. If you look at some of the IRA drugs, there’s really nodirect competitor that’s better for some of them. They guise under the word “negotiation” but it’s not and they don’t know the impact it’ll have on pharma and innovation in general. It’ll have negative impact for sure.

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Just got offered a job at a small biotech in London (UK). ~£45k plus bonus but only 1YR FTC and no equity.

Pretty sure it's a discovery role too.

I just finished my PhD at a very good uni with 3 years technician experience before that. BSc and MSc also at very good unis with good grades.

I think this offer is well below par, but curious to hear what you guys think/if you have any comparisons?

Thanks in advance :)

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