1. In Vivo

Dealmaking Quarterly Statistics, Q3 2020

A Look At M&A And Alliance Activity Across The Biopharma, Medical Device And In Vitro Diagnostics Industries, July-September 2020

 
• By Deanna Kamienski and Maureen Riordan

During Q3 biopharmas reached $41.7bn in merger and acquisition value and drew in $44.4bn in potential deal value from alliances. Device company M&A values reached $17.9bn while in vitro diagnostic firms and research tools players completed M&A activity that totaled $8.2bn.

Quarterly Stats_1200x675

Biopharma merger and acquisition value for the third quarter of 2020 reached $41.7bn, more than seven times Q2’s $5.9bn (see Exhibit 1). At the top (making up half of the Q3 total), was Gilead Sciences Inc.’s definitive agreement to acquire Immunomedics Inc. for approximately $21bn. Even if we take out that outlier, third quarter M&A still showed a significant increase over Q2. Where there were only two M&A transactions to hit the billion-dollar mark in Q2 (Novo Nordisk AS’s $2.1bn buy of private US biotech Corvidia Therapeutics and Alexion Pharmaceuticals Inc.’s buy of fellow public biotech Portola Pharmaceuticals Inc.), Q3 saw five such deals, four involving big pharma.

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