First Quarter M&A Activity Rose On The Strength Of Three Deals

The biopharma sector made acquisitions with total potential value of $33.6bn during Q1, up substantially from the $9.5bn of Q4 2024, according to data from Evaluate.

Merger
Bolt-on acquisitions remained the order of the day in Q1, despite one $14bn+ deal • Source: Shutterstock

Merger-and-acquisition activity in the biopharmaceutical sector had almost nowhere to go but up in the first quarter of 2025, following a historically low quarter in terms of total potential deal value in Q4 2024, and it did just that according to data compiled by Evaluate.

By the numbers, the first quarter dwarfs the previous quarter, with a total value of $33.6bn compared to $9.5bn for Q4. At roughly $33

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