The Pharma Letter M&A roundup - August 2024

3 September 2024

Plenty of money changed hands in pharmaceutical M&A terms in August, albeit big pharma companies were largely not involved.

Of the seven firms that announced deals during the month, only one—Otsuka Pharmaceuticals(TYO: 4578)—is classed as a top 50 pharma company.

But a number of deals did surface, including the merger of US AI-enabled biotech Recursion (Nasdaq: RXRX) and UK-based Exscientia (Nasdaq: EXAI), in an all-stock transaction reportedly valued at $688 million.

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