Analysis of the key themes driving M&A activity reveals that immuno-oncology accounted for 16 pharmaceutical deals announced in Q1 2024, worth a total value of $6.1bn. The $2.9bn minority acquisition of MorphoSys by Novartis was the industry’s largest disclosed deal. GlobalData’s Pharmaceuticals Industry Mergers and Acquisitions Deals by Top Themes report for Q1 2024 dissects the driving forces behind the M&A dynamics within the Pharma sector, offering essential insights into industry trends and transformations. Buy the report here.
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In value terms, immuno-oncology-related deal activity decreased by 49% in Q1 2024 compared with the previous quarter’s total of $12bn and fell by 86% as compared to Q1 2023. Related deal volume increased by 7% in Q1 2024 versus the previous quarter and was 16% lower than in Q1 2023.
The top-ranked financial advisors supporting these M&A deals in Q1 2024 were Centerview Partners; Evercore; Kroll with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q1 2024 were Wilson Sonsini Goodrich & Rosati Professional; Skadden, Arps, Slate, Meagher & Flom LLP & Affiliates; Cravath, Swaine & Moore with 3, 2, 1 deals respectively.
For further understanding of GlobalData's Pharmaceuticals Industry M&A Deals by Top Themes in Q1 2024 – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
