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No megadeals in biotech so far this yr, but on track for rec...
No megadeals in biotech so far this yr, but on track for record amount >$1 bil deals,
2 biggest deals this yr:
$Vertex Pharmaceuticals (VRTX.US)$ paid $4.9 bil for $Alpine Immune (ALPN.US)$
$Gilead Sciences (GILD.US)$ paid $4.3 bil for $CBAY
Bolt-on deals likely to continue to be the dominant story in 2024, which means we could also see more of this trend...
2 biggest deals this yr:
$Vertex Pharmaceuticals (VRTX.US)$ paid $4.9 bil for $Alpine Immune (ALPN.US)$
$Gilead Sciences (GILD.US)$ paid $4.3 bil for $CBAY
Bolt-on deals likely to continue to be the dominant story in 2024, which means we could also see more of this trend...
Last yr 84% of M&A deal dollars were for Biotechs w/ Phase 3 & Marketed assets,
In the first four months of 2024 56% of M&A deal dollar went towards Phase 2 Biotechs,
Big Pharma's spending patterns are shifting towards smaller bolt-on transactions that are earlier-stage,
There were 19 >$1 bil public biotech buyouts in 2023 w/ an avg deal size of $6.8 bil compared to 7 deals w/ an avg size of $2.5 bil in 2024...
In the first four months of 2024 56% of M&A deal dollar went towards Phase 2 Biotechs,
Big Pharma's spending patterns are shifting towards smaller bolt-on transactions that are earlier-stage,
There were 19 >$1 bil public biotech buyouts in 2023 w/ an avg deal size of $6.8 bil compared to 7 deals w/ an avg size of $2.5 bil in 2024...
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