Analysts at PwC expect dealmaking in the life sciences sector to pick up in 2025, but they predict more of the kind of dealmaking that the biopharma industry has favored in recent years, such as bolt-on acquisitions, not a re-emergence of major merger activity.
PwC Anticipates Friendlier Environment For M&A In 2025
As it predicted heading into 2024, PwC sees positive conditions for merger-and-acquisition deals in the life sciences and says headwinds that held down 2024’s activity are neutralizing.

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A decision from the FDA is due by 28 September.