This year has posed substantial challenges for global markets: a prolonged period of high interest rates, ongoing geopolitical instability, democratic uncertainty, and an unprecedented number of national elections affected nearly half of the world’s population. The pharmaceutical industry has responded to this macroenvironment with less dealmaking, instead cherry-picking necessary partnerships while it waits to see how geopolitical upheaval shapes the environment.
While 2024 started out in dynamic fashion for dealmaking, with Novo Nordisk parent company Novo Holdings announcing in February its intention to buy Catalent for $16.5bn to supplement its GLP-1...
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