In the global pharmaceutical industry, there were 430 M&A deals announced in Q1 2024, worth a total value of $68.8bn, according to GlobalData’s Deals Database. The $16.5bn acquisition of Catalent by Novo Holdings 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 decreased by 17% in Q1 2024 compared with the previous quarter’s total of $82.8bn and fell by 7% as compared to Q1 2023. Related deal volume decreased by 5% in Q1 2024 versus the previous quarter and was 4% higher than in Q1 2023.

Notably, healthcare-related deals accounted for a 31% share of the global pharmaceutical industry’s M&A activity in Q1 2024, up 2% over the previous quarter.

The top-ranked financial advisors supporting these M&A deals in Q1 2024 were JPMorgan Chase & Co; Lazard; UBS Group with 6, 6, 6 deals respectively.

The top-ranked legal advisors supporting these M&A deals in Q1 2024 were Goodwin Procter; Kirkland & Ellis; Cooley with 9, 8, 6 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.

This content was updated on 23 April 2024

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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.