Analysis of the key themes driving M&A activity reveals that COVID-19 accounted for 2 pharmaceutical deals announced in Q4 2023, worth a total value of $1.1bn. The $1.1bn acquisition of Icosavax by AstraZeneca 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, COVID-19-related deal activity increased by 423% in Q4 2023 compared with the previous quarter’s total of $210.4m and rose by 374% as compared to Q4 2022. Related deal volume decreased by 33% in Q4 2023 versus the previous quarter and was 75% lower than in Q4 2022.
The top-ranked financial advisors supporting these M&A deals in Q4 2023 were Centerview Partners; Computershare; Edgemont Partners with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Q4 2023 were Paul, Weiss, Rifkind, Wharton & Garrison; Fried, Frank, Harris, Shriver & Jacobson; Gibson, Dunn & Crutcher with 2, 1, 1 deals respectively.
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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.
