In the Middle East and Africa pharmaceutical industry, there were 12 M&A deals announced in Q1 2024, worth a total value of $2.5bn, according to GlobalData’s Deals Database. The $2.2bn acquisition of Ambrx Biopharma by Johnson & Johnson was the industry’s largest disclosed deal. GlobalData’s Pharmaceuticals Industry Mergers and Acquisitions Deals by Top Themes report for Q1 2024 dissects the driving forces behind the M&A dynamics within the Pharma sector, offering essential insights into industry trends and transformations. Buy the report here.
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In value terms, M&A activity in Middle East and Africa increased by 150% in Q1 2024 compared with the previous quarter’s total of $1bn and rose by 2025% as compared to Q1 2023. Related deal volume increased by 50% in Q1 2024 versus the previous quarter and was 20% higher than in Q1 2023.
The top-ranked financial advisors supporting these M&A deals in Middle East and Africa in Q1 2024 were C.H. Stirling; Cantor Fitzgerald; Lazard with 1, 1, 1 deals respectively.
The top-ranked legal advisors supporting these M&A deals in Middle East and Africa in Q1 2024 were Meitar Law Offices; Centerview Partners; Cravath, Swaine & Moore with 2, 1, 1 deals respectively.
For further understanding of GlobalData's Pharmaceuticals Industry M&A Deals by Top Themes in Q1 2024 – Thematic Intelligence, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.
This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.
