The Fed Just Cut Rates: What It Means for Biotech

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What Fed Cuts Mean for Biotech (Special Edition)
A data-driven read on how the Fed’s easing cycle moves biotech valuations, funding conditions, and near-term performance — distilled for investors and operators.

Why this matters now
Biotech is among the most rate-sensitive corners of public markets. This special edition synthesizes 1980–2025 Fed regimes (Cut / Hold / Hike) with custom equal-weight and value-weight BioPharma indices to show how returns, volatility, and multiples typically behave as the Fed pivots.

Key findings (from the report)

• Cut cycles lead: Median annualized return ~47% in Cut regimes vs –5% in Hike and ~19% in Hold (1980–2025).
• Timing edge: Upside most often compounds 1–3 quarters after the first cut as transmission effects kick in.
• Valuation setup: Sector P/S reset materially during the 2022–2024 hiking cycle, leaving room for multiple expansion into easing.

What you’ll get

• Executive summary (1 page) with the positioning map and catalyst watch.
• Methods: index construction (equal- & value-weight), regime classification, valuation methodology.
• Results: returns by regime (level & dispersion), risk-adjusted metrics, and valuation behavior.
• Practical dashboard: Fed tone, 10Y, 5y5y, credit, and biotech internals (IPO / M&A / VC) to confirm the shift.
• Actionable takeaways for allocation across core, SMID tilt, and timing checks.
• 30 minute office hours session with the authors

Who it’s for
CIOs, PMs, analysts, founders, and biotech leaders who need a concrete macro → biotech bridge to guide positioning over the next 1–3 quarters.

FAQ
Is this U.S.-focused? Yes — the analysis uses U.S. BioPharma exposures (1980–2025).
Is this investment advice? No. Educational research — see disclosures inside.

Can I expense this? Do you provide invoices?
Yes. After purchase, open your Gumroad receipt and click Generate to download an itemized PDF invoice. You can add your company name, address, PO #, and VAT/Tax ID before downloading. If your team needs vendor paperwork (e.g., W-9/W-8BEN-E), just reply to the receipt and we’ll send it.

About the authors
Katerina Roznik, PhD (biotech strategy) and Mitchell G., PhD (applied economics & statistics) — Biotech Blueprint.