Cancer Retains Top Spots In Alliance Deal Volume, Value

Cancer assets drove the highest percentage of biopharma alliance dealmaking in 2024, tripling the frequency of the next highest therapeutic category, neurology.

Cancer assets drove 36% of alliance dealmaking in biopharma in 2024 (Shutterstock)

Metabolic disease alliances have picked up as companies try to find a spot in the growing obesity market, and earlier this decade the COVID-19 pandemic drove a short-lived uptick in infectious disease alliance dealmaking. But year in and year out, cancer remains the primary driver of partnering and licensing agreements in the biopharmaceutical sector, and a new Biomedtracker report shows 2024 was no exception.

Key Takeaways
  • Cancer-driven transactions led the biopharma sector’s alliance dealmaking again in 2024, according to a new Biomedtracker report

The 2024 Deal-making Roundup white paper reports that the industry inked 690 alliance transactions – encompassing licensing agreements, research and development partnerships and asset sales – last year, down 4% from 718 deals in 2023

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