Mergers and
acquisitions
Artificial intelligence
Digital health
Collaboration
55% of respondents said that technology is a growing priority for their company.
Mergers and acquisitions
The healthcare and life sciences sector has grown and remains a highly competitive and active market. Mergers and acquisitions within the sector is changing the investment landscape, this is partly driven by digital technology accelerating the negotiation process.
“Perception of risk is more concrete in
M&A. That means going into the detail
of how the contract and the relationship
will work. It’s one of the main requests
we make for legal support.”
Gijs ter Braak: a positive outlook on merger and acquisitions.
Artificial intelligence
Artificial intelligence is an exciting growth area in healthcare and life sciences. This will drive many areas, from patient data and treatment to product development and distribution. However, respondents seemed uncertain about how best to grasp the opportunities it brings, as they believe ongoing digitalisation delays can be a barrier to sector growth.
“Legally, it remains to be seen how
regulation will be treated for, say,
AI implementation in standard
medical devices”
Lydia Torne: what to think about when developing digtial health products.
Digital health
The COVID-19 pandemic was a game changer. Remote consultations became the norm in many nations. Legal teams are closely examining issues and opportunities for further adopting the technology.
“Hospitals need to have automated
solutions for medication dispensing
or routine work so that caretakers
can have more quality time
with patients.”
Collaboration
Collaborations, notably in digital health, have never been more important. Technology, medtech, biotech and pharma companies are teaming up to use AI, software and huge amounts of data to identify potential disease targets, develop novel medicines, monitor diseases but also to deliver healthcare to patients across borders.
68% of respondents said the sector is more agile and collaborative post pandemic.
Michael Gavey: building successful collaborations.