Growth NormalizationNext year, growth is expected to normalize to about 2x the market rate, which is in line with the past 4 years, suggesting a potential slowdown compared to the current growth rate.
Regulatory DelaysMeaningful cuts to the FDA’s Office of Prescription Drug Promotion could extend the typical timeline of reviewing prescription drug advertising and promotional labeling.
Regulatory RisksMacro risks have intensified, with pharma companies contending with uncertainty around tariffs and disruptions at the FDA.