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M&A Values Continued To Decline During Q4 2024

 
• By Joseph Haas

Evaluate data show that the biopharma industry made $9.5bn of acquisitions during the fourth quarter, a third consecutive quarter of decline, although deal volume rose to 33 from Q3’s 29.

M&A
Biopharma M&A valuation was down substantially during the fourth quarter compared to Q4 2023 • Source: Shutterstock

Although 2024 got off to a promising start with a busy first quarter, the fourth quarter marked the third consecutive quarter of declining biopharma merger-and-acquisition valuation. Evaluate reported that there were 33 M&A deals during Q4, up from 29 in the third quarter, but with a total valuation of slightly more than $9.5bn, down substantially from nearly $52.3bn in Q4 2023.

Industry watchers were ready with their explanations of why M&A activity had cratered throughout 2024 when positive conditions appeared...

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