Pharmaceutical After a quiet year of M&A activity in 2017, 2018 has already kicked off with two deals exceeding a billion dollars. Novo Nordisk’s rejected $3.1 billion bid for Belgium’s Ablynx – along with its lead candidate caplacizumab -attracted attention, and expectations of a higher offer, as did Celgene’s proposed $1.1 billion acquisition of Impact Biomedicines and its fedratinib. Among deal-making news, there was Chinese biotech firm BeiGene’s interesting accord with Mirati Therapeutics for lung cancer candidate sitravatinib. Also, AstraZeneca’s US Food and Drug Administration approval of its Lynparza, making it the first drug to be cleared for BRAC-positive breast cancer, has resulted in speculation about competitors. 14 January 2018