The Pharma Letter M&A roundup - October 2023

7 November 2023

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Swiss pharma giant Roche (ROG: SIX) announced the sector's biggest pharma M&A deal in October.

The month also saw two further deals announced by Eli Lilly (NYSE: LLY), making that six M&A deals this year revealed by the US pharma major.

Spending on pharma M&A in 2023 continues to outstrip the previous two years, with Pfizer's (NYSE: PFE) huge acquisition of Seagen (Nasdaq: SGN) making the former company the biggest spender in the sector so far this year.

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