BB Biotech: Catalysts and core holdings drove recovery - SEB
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BB Biotech: Catalysts and core holdings drove recovery - SEB

After a volatile prior period, 2025 marked a recovery for mid-cap biotech. Clinical execution improved, financing conditions stabilised, and M&A activity supported sector sentiment. BB Biotech expects innovation-driven deal activity to remain supportive. The portfolio saw selective additions and disciplined capital rotation. A dividend of CHF 2.25 per share will be proposed together with a share buyback programme of up to 10% over three years.

After a volatile prior period, 2025 marked a recovery for mid-cap biotech. Clinical execution improved, financing conditions stabilised, and M&A activity supported sector sentiment. BB Biotech expects innovation-driven deal activity to remain supportive. The portfolio saw selective additions and disciplined capital rotation. A dividend of CHF 2.25 per share will be proposed together with a share buyback programme of up to 10% over three years.
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