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HealthInvest 2024: The biotech sector looks in rude health, judging by these five ASX innovators


  • Stockhead joined with IR Department and Morgans for HealthInvest 2024 in Sydney last week

  • The event highlighted some of ASX’s leading and up-and-coming biotech and life sciences companies

  • Imricor Medical Systems, Race Oncology, Clarity Pharmaceuticals, Percheron Therapeutics and ImpediMed all presented





The biotech/life sciences sector is in good shape in 2024 and looks primed to enter a period of strong growth. At HealthInvest 2024, five of the ASX’s most innovative companies spoke to why they believe they’re set to take advantage of potentially healthy market conditions. 


Morgans senior analyst Scott Power kicked off the HealthInvest 2024  proceedings, held in Sydney last Wednesday evening, delivering a broad overview of the space to gathered guests including professional and retail investors. Power spoke to the health of the biotech/life sciences space – both locally and globally.


“The life sciences sector has seen a solid calendar 2024 so far,” noted Power, “with the Bioshares Index up 8% in the first half, and $1.2 billion worth of capital raised already. That is, in fact, more than the entire raising that occured in 2023.”


That said, Power also noted that there is plenty of room for growth within the local sector broadly, with “only a third of the companies across the sector achieving share price gains” this year.


Turning to the US, too, and Power pointed out that its healthcare market is up 14% YTD, with IPO activity on the increase.


“A cut in interest rates [from the US Federal Reserve] will likely see investor interest continue to grow in the life science sector both in the US and Australia,” added the Morgans expert.


And to Stockhead, Power also commented:


“If we’re right with this US interest rate cut we might see more interest coming back into the space and there will be plenty of upside for the sector over the rest of the year.”




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