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Morgan Stanley’s Co-Head of Healthcare Equity Capital Markets on What IO Biotechs Can Expect in 2025

Morgan Stanley’s Co-Head of Healthcare Equity Capital Markets on What IO Biotechs Can Expect in 2025

Kalli Dircks is a Managing Director and Co-Head of the Healthcare Equity Capital Markets group at Morgan Stanley. She shares her thoughts on what to expect in 2025 for IO biotech capital raising, and what her advice would be for biotechs to successfully navigate challenging economic environments.

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