By Barbara Obstoj-Cardwell. Editor
During the whole of 2022, merger and acquisition (M&A) activity in the pharma and biotech sector showed a slight improvement on 2021, when it fell to a decade low of just 92 deals, with a total number of 109 (See table below). Discounting those deals where the value was not disclosed, the number of M&A deals topping a billion dollars in value was a modest 17, while in 2021 there were still 28 exceeding that benchmark.
This low level came against a background of several big pharma companies flush with cash leading into the year, thanks to their top-selling COVID-19 products, innovative branded medications and high-value divestitures, but with much of big pharma facing competition from generics or biosimilars for their best sellers.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze