The ‘Biggest’ Dealmakers Of 2023 Were Not The Busiest

Eli Lilly, striving to outpace Novo Nordisk, dominated the dealmaking scene in 2023 by executing six acquisitions. Although Pfizer, BMS and AbbVie sealed the largest M&A deals of the year, they did not lead in terms of volume.

Deal making concept
The year’s biggest dealmakers – Pfizer, Bristol Myers Squibb and AbbVie – were not among the five busiest based on a review of dealmaking data • Source: Shutterstock

Deal volume was down last year both in M&A and alliances, but valuations rose. 

Early in 2023, Pfizer Inc. set the tone for a year of moving on from the COVID-19 pandemic by...

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