In the Chinese pharmaceutical industry, there were 29 M&A deals announced in Q4 2023, worth a total value of $3.5bn, according to GlobalData’s Deals Database. The $1.8bn minority acquisition of Shanghai RAAS Blood Products by Haier Group was the industry’s largest disclosed deal. GlobalData’s Pharmaceuticals Industry Mergers and Acquisitions Deals by Top Themes report for 2023 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, M&A activity in China increased by 459% in Q4 2023 compared with the previous quarter’s total of $626.1m and rose by 409% as compared to Q4 2022. Related deal volume remained flat in Q4 2023 versus the previous quarter and was 42% lower than in Q4 2022.

The top-ranked financial advisors supporting these M&A deals in China in Q4 2023 were Chestnut Partners; China Dragon Securities; Hualong Securities with 1, 1, 1 deals respectively.

The top-ranked legal advisorss supporting these M&A deals in China Q4 2023 were Freshfields Bruckhaus Deringer; Chinalco Ruimin; Commerce & Finance Law Offices with 2, 1, 1 deals respectively.

For further understanding of GlobalData's Pharmaceuticals Industry M&A Deals by Top Themes in 2023 – Thematic Intelligence, buy the report here.

This content was updated on 8 January 2024

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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.