LAZARDGEOPOLITICALADVISORYlhe Geopoliticsof BiotecnRESEARCHBRIEFIAUGUST2025
CONFIDENTIALTHEGEOPOLITICSOFBIOTECHLazard Geopolitical AdvisorySeniorAdvisorsGen.JohnJamiMiscikAdm.WilliamSirStephenAbizaid(ret)SeniorAdvisorMcRaven(ret.)LovegroveSeniorAdvisorSeniorAdvisorSeniorAdvisorPatrickMcHenryRonaldTempleSeniorAdvisorChiefMarketStrategistSenior LeadershipTheodoreDr.SiddharthBunzelMohandasHead ofLGA&DirectorBreciglngLazardGeopoliticalAdvisoryTeamCarlsPetersenJoanaYuelysAilyZhangVicePresidentGeopoliticalVicePresidentVice PresidentStrategistSiennaTompkinsTJNzewiTrentonStoneRobert BaileyGeopoliticalGeopoliticalGeopoliticalGeopoliticalStrategistStrategistAnalystAnalyst(LeadAuthodLAZARDAbout GeopoliticalAdvisoryNewYorkLondonAdvisoryblendsdon W1Ugeopoliticalinsightswith+12126326000+44207187200033144130111unmatched expertisein financialadvisory,advising clients on how geopolicaln Franciscotrends translateinto business impact.ist6thStiscqCA94111Sin1X78701To discussthis reportorhowLazardGecolitcal Advisoy could support you,14156235000126522600contact geopoliticaladvisory@lazard.com55116011LAZARD
CONFIDENTIALTHEGEOPOLITICSOFBIOTECHTableofContents7一二EXECUTIVESUMMARYneBiotechnoloaiesinScopeforGeopoliticalCompetitionGeonoliticalRisksFacinaCommonBiotechnologiesEMERGINGPOLICYTRENDS71UnitedStatesEuropeanUnionChina1Japan22IndiaNTRENDSINTRADE,INNOVATION&INVESTMENT2TheFutureofBiotech:Followina the Investment Flows22STalent&HumanCapitalCapitalandR&DFunding38Enabling Technologies&ToolsVBUSINESSCONSIDERATIONS&RECOMMENDATYONSLAZARD
CONFIDENTIALTHEGEOPOLITICSOFBIOTECRTExecutiveSummaryLAZARD
THEGEOPOLITICSOFBIOTECHEXECUTIVESUMMARYExecutiveSummary Biotechnoloavis emergina as a pivotal frontier in 21st century geopolitical competition, driven by its growing capacity to revolutionize human health, economic systerms, and miltary capabilities whilepotentially also unleashina unorecedented new risksThis reoortexolores these dunamics. takina stock of where geopoliticalcompetitin over the bictechsector stands todav and what it could look like tomorrow. It analvzes the key national plavers in thesector and identifies aeopolitical choke points that could be leveraaed as alobal trade tensions andnational security pressures rise. It also maps how these plavers are attemotina to orotect nationalleadership in biotech,promote new innovation, and partnerthrough emerging technoloaicalalliancesFinally, the report outlines how growing geopolitical competition in biotech could increasingly affectange of stakeholders in the biotechsectorBiotech is increasingly an arena ofgeopolitical chokepointsgeopoltial and technological compettionRecognitionofthesector'simportanceatedtotheflowofdataandcapitalnationalsecurity, economicanotensified competition, export controls, andhuman health is growing rapidly, pushing it toeffortsarethe forefront of policymakina. This includes afraamentina the industry and driving nations tobroad ranae of policv initiatives focused onocalize innovation. The level of aeopolitical riskboththepromotion (e.a. criltical medicinepartly depends on the specific biotechnology insubsidies)andprotection le.a...
