One deal skewed the picture in looking at the M&A activity by therapy area in the final quarter of 2019.
Looking at the upfront value of the deals reported on by The Pharma Letter that were announced in the three-month period, the biggest spend was in cardiovascular, with nearly double what was spent in the second-highest therapy area.
The $9.7 spent all stemmed from Swiss pharma giant Novartis’ (NOVN: VX) takeover of The Medicines Company (Nasdaq: MCDO) and its key novel siRNA candidate inclisiran, a biennial cholesterol-lowering drug now in Phase III testing.
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