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Biopharma, the biotechnology sector of the pharmaceutical market, and one of its fastest growing sectors, is changing the way complex diseases are treated. Biopharma products have demonstrated groundbreaking efficacy and safety and have shown promise to address previously untreatable conditions. Many pharmaceutical companies are focusing on biopharma and are collaborating with universities and biobanks to bring innovative new products to market. Despite their higher costs, global demand is turning many biopharma drugs into blockbusters.
The global biotechnology market is expected to reach USD 727.1 billion by 2025 .