{"podcast":{"title":"Proactive - Interviews for investors","slug":"proactive-interviews-for-investors-1457173","podcast_index_feed_id":1457173,"rss_url":"https://feeds.simplecast.com/xjpdm5C9","website_url":"https://proactive-interviews-for-investors.simplecast.com","image_url":"https://image.simplecastcdn.com/images/92f9cc71-7d4c-4ec0-a2f3-6a6b31027b4c/3fd3b604-35cf-4701-acde-0f1fdf33d67a/3000x3000/square-with-type.jpg?aid=rss_feed","author":"Proactive Investors","episode_count":600,"summary":"Welcome to the Proactive podcast channel – the destination for breaking news on growth companies and up to the minute market coverage. Here we plug you into what’s new and exciting in the world of business.","last_synced_at":"2026-07-28T06:17:38.329793+00:00","page_url":"https://stenobird.com/podcast/proactive-interviews-for-investors-1457173"},"episode":{"title":"IBT: NAV up 35.7% as biotech M&A boom drives outperformance","slug":"ibt-nav-up-35-7-as-biotech-m-a-boom-drives-outperformance","published_at":"2026-05-12T15:32:37+00:00","page_url":"https://stenobird.com/podcast/proactive-interviews-for-investors-1457173/ibt-nav-up-35-7-as-biotech-m-a-boom-drives-outperformance","show_page_url":"https://stenobird.com/podcast/proactive-interviews-for-investors-1457173","url":"https://proactive-interviews-for-investors.simplecast.com/episodes/20260512-ibt-v2-1-9w63Y3vl","audio_url":"https://cdn.simplecast.com/media/audio/transcoded/1068c7db-2e26-4675-9674-33cc0c49ccdc/b96906c8-b386-47e4-a142-589b24379f8e/episodes/audio/group/384c3d90-b9e2-4a43-9593-03e506fc9874/group-item/3d043d53-ae2c-4022-8a16-7c0d68069831/128_default_tc.mp3?aid=rss_feed&feed=xjpdm5C9","summary":"International Biotechnology Trust (LSE:IBT) co-lead fund managers Ailsa Craig and Marek Poszepczynski tell Proactive's Stephen gunnion that the trust delivered NAV returns of 35.7% and share price gains of 39% in the six months to February — comfortably ahead of the Nasdaq Biotechnology Index's near-30% return. Five acquisitions completed during the period, with a further five since the interim end. Poszepczynski notes that around 40 portfolio companies have been acquired over the past five years as big pharma continues to rely on biotech for innovation. The sweetest spot for takeover activity, he says, is among companies approaching regulatory approval or commercial launch. Craig is also more optimistic on the political backdrop: \"It really does feel like these political headwinds are now behind us,\" she says, pointing to easing concerns around US drug pricing reform and improving sentiment across the sector. For more interviews and market insights, visit the Proactive YouTube channel, give this video a like, subscribe to the channel and enable notifications for future content. #InternationalBiotechnologyTrust #Biotech #HealthcareInvesting #BiotechStocks #NasdaqBiotech #Pharma #BiotechInvesting #FDA #DrugDevelopment #MergersAndAcquisitions #HealthcareStocks #IPO #FundManagers #Investing #LifeSciences","meta_description":"International Biotechnology Trust (LSE:IBT) co-lead fund managers Ailsa Craig and Marek Poszepczynski tell Proactive's Stephen gunnion that the trust deli…","key_points":[],"chapters":[],"topics":[],"duration_seconds":408,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/proactive-interviews-for-investors-1457173/episodes/ibt-nav-up-35-7-as-biotech-m-a-boom-drives-outperformance/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/proactive-interviews-for-investors-1457173/ibt-nav-up-35-7-as-biotech-m-a-boom-drives-outperformance.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}