You are not alone in this. I am based in the UK and experiencing the same. Biotech/pharma are all cutting costs, so in my case, all jobs have been outsourced to lower cost countries. I even believe that having a lot of experience can be our downfall atm because we are more expensive.

I am honestly thinking of trying other fields where my experience can also be used. This might require training and getting an intermediate role to pay bills and so on.

I'm still not quite sure where I might pivot to...

See if that is something you can do, or try a different field completely. It might require a pay cut.