A confluence of factors caused 2022 to be the least active merger-and-acquisition year for the life sciences sector since EY began conducting its evaluation of the sector’s spending capability in 2014. Even with December’s $27.8bn acquisition of Horizon Therapeutics plc by Amgen, Inc., EY noted that M&A total deal value was down 39% from 2021, while deal volume declined by 23%.
M&A Has Been Down, But EY Argues Conditions Are Right For An Uptick In 2023
Despite concerns about the impact of the Inflation Reduction Act and constraining factors like inflation, EY believes more than $1.4tn in life sciences industry “firepower” should result in increased deal-making this year.
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