Navigating the New Normal: Venture Investment Trends

March 02, 2026
HSBC’s mid-year report signaled the challenges that many small and mid-sized biotech companies have shared; first financings declined in Q2 of 2025 and entrepreneurs and companies have had to make tough staffing decisions and adjust their pipelines and programs. While interest rates have started to lower, macroeconomic uncertainties remain in addition to the risk embedded in developing novel medicines. This session will begin with an overview of financing in 2025 followed by a discussion on how companies and investors have remained nimble. The role of venture capital and how family offices are participating in financing will also be featured.
Speakers
Bernard Cooney
Bernard Cooney, Senior Partner, Capital Formation - Flagship Pioneering
Daniel McHugh
Daniel McHugh, Lead Investor - Yosemite
Jonathan Norris
Jonathan Norris, Managing Director - HSBC Innovation
Julia Owens
Julia Owens, Chief Executive Officer - Basking Biosciences
Asish Xavier
Asish Xavier, Vice President, Venture Investments - Johnson & Johnson Innovation