The Pharma Letter M&A roundup - June 2023
Big pharma companies Novartis (NOVN: VX) and Eli Lilly (NYSE: LLY) announced major deals during a big-spending month in mergers and acquisitions.
Other big firms and smaller players from the industry also announced acquisitions as the rate of spending in the sector continued to outpace the previous two years.
A major reason that 2023 is so far ahead of 2021 and 2022 is the $43 billion Pfizer (NYSE: PFE) buy of Seagen (Nasdaq: SGEN), which continues to make the US pharma giant by far the biggest spender in pharma acquisitions over the year, the the deal has yet to gain competition authority clearance..
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