Vital Signs: A Pulse Check on the Healthcare Market UPDATE
Political Economy Update – Markets, Policy and Deal Activity
Vital Signs is an overview of the current macroeconomic environment in the US healthcare markets, including policy and regulatory updates, the current administration's overhaul of US healthcare policies and their impact on the life sciences ecosystem.
Our investment and corporate banking teams examine healthcare market activity and how these factors influence deal-making in both the US and Europe.
Given the current market dynamics, DNB//Back Bay will publish frequent updates to note changes in the regulatory and deal environment.
In November 2025, we look at key regulatory and deal updates since Vital Signs was released in June 2025.
Please connect with us for any questions or comments.
Contributors
Greg Benning
Head of Investment Banking
Back Bay Life Science Advisors
James Cirenza
Managing Director
Equity Capital Markets
DNB Carnegie, Inc.
Vasilios Kofitsas
Managing Director
Investment Banking
Back Bay Life Science Advisors
Crystal Hsu
Associate Director, Investment Banking
Back Bay Life Science Advisors
Andrew Davis
Senior Analyst, Investment Banking
Back Bay Life Science Advisors
Krishna Kandala
Senior Associate
Back Bay Life Science Advisors
Nilay Neelaveni
Associate, Investment Banking
DNB Carnegie, Inc.
Matthew Granahan
Analyst, Investment Banking
DNB Carnegie, Inc
About the DNB // Back Bay Partnership:
The DNB//Back Bay Partnership was created to drive global healthcare growth and innovation. The DNB-Back Bay Partnership provides a full range of strategic advisory and financing capabilities along the full continuum of life science and healthcare company development. The DNB-Back Bay Partnership is a marketing term referring to a strategic agreement between DNB Markets, Inc. and Back Bay Life Science Advisors. More information about the DNB-Back Bay Partnership can be found here.
Securities products and services are offered in the U.S. through DNB Markets, Inc., a U.S. registered broker-dealer and a separately incorporated subsidiary of DNB Bank ASA. DNB Markets, Inc. is a member of the Financial Industry Regulatory Authority (“FINRA”) and the Securities Investor Protection Corporation (“SIPC”). Securities products and services are offered in the European Economic Area through DNB Carnegie.