Peter Young

CEO and president of Young & Partners and a member of Pharm Exec’s Editorial Advisory Board. Prior to founding the firm, Young was global head of chemicals investment banking at Lehman Brothers, where he oversaw the worldwide efforts of Lehman in chemicals. Previously, he was head of the chemical groups at Salomon Brothers and Schroders. Early in his career, while with Bain & Co., Young provided corporate strategy advice to major chemical and life science companies. He also was a senior executive of J.H. Whitney & Co., one of the oldest venture capital firms, founded by the Whitney family, where he invested in pharmaceutical, biotech, and technology companies.

Young received an MBA from the Harvard Business School (Baker Scholar with High Distinction), an MS in Accounting from New York University, and a BA in Economics from Yale University. He is a certified public accountant, a chartered global management accountant, and a member of the American Institute of Certified Public Accountants and the New York State Society of Certified Public Accountants.

Articles by Peter Young

Fresh off 2025, where the sectors delivered strong stock gains and selective financing momentum despite volatile markets, companies navigate policy headwinds, patent cliffs, and shifting global innovation dynamics, factors that favor strategically driven growth pursuits ahead.

Peter Young

Exploring the pharma and biotech financing, M&A, and stock market pictures through the first half of 2023—and implications for the future, as market challenges continue to weigh heavily in senior management decision-making.

While industry financial markets continued to experience subdued dollar volumes in 2022, dealmaking held steady—with factors such as pharma pursuing strategic priorities and biotech funding woes playing major roles.

Though M&A activity and equity market outputs have been mixed, and pandemic challenges linger on, the outlooks for pharma and biotech remain stable—driven by R&D gains, record IPO levels.

The increase in new drug approvals and candidates in development are good signs for pharma and biotech, but both sectors face continued pricing, cost, and healthcare policy-related challenges ahead.

The overall impression from the media is that the biotech industry is doing a great job inventing new drugs and treatments and that strong companies are getting the funding they need. But it's not that clear cut, writes Peter Young.