A handful of acquisitions this week point to a more deal-friendly year for biopharma and biotech companies.
A handful of acquisitions this week point to a more deal-friendly year for biopharma and biotech companies, though none has generated the kind of excitement seen in years past.
“The deals within the past week are fairly small-scale but keep the drumbeat going,” Subin Baral, EY’s global life-sciences deal leader, told MarketWatch in an email.
The week’s deal activity, which coincided with the in-person return to the annual J.P. Morgan Healthcare Conference in San Francisco, also points to a changing M&A landscape — both for legacy pharmaceutical companies in need of innovation to boost their pipelines and for biotechs struggling with declining valuations.
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