BELLINGS

Pharma working capital feels the weight of GLP-1 boom

New data from The Hackett Group found pharma's cash conversion cycle climbed to nearly 186 days in 2025 as firms increased investment in biologics and GLP-1s.

New data from The Hackett Group found pharma's cash conversion cycle climbed to nearly 186 days in 2025 as firms increased investment in biologics and GLP-1s.

BELLINGS Intelligence Score: 22

Why it matters

The rise in pharma working capital tied to the GLP-1 boom reflects a notable shift in industry operating metrics but remains a sector-specific development without immediate broad market or regulatory impact.

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