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  1. Deals Analysis
June 20, 2019

North America’s pharma industry sees a drop of 21.6% in deal activity in May 2019

North America’s pharma industry saw a drop of 21.6% in deal activity during May 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 69 pharma industry deals worth $3.69bn were announced for the region in May 2019, against the 12-month average of 88 deals.

Of all the deal types, venture financing saw most activity in May 2019 with 45 transactions, representing a 65.2% share for the region.

In second place was M&A with 22 deals, followed by private equity deals with two transactions, respectively capturing a 31.9% and 2.9% share of the overall deal activity for the month.

In terms of value of deals, M&A was the leading category in North America’s pharma industry with $2.85bn, while venture financing and private equity deals totalled $795.66m and $40m, respectively.

North America pharma industry deals in May 2019: Top deals

The top five pharma deals accounted for 78.6% of the overall value during May 2019.

The combined value of the top five pharma deals stood at $2.9bn, against the overall value of $3.69bn recorded for the month. The top announced pharma deal tracked by GlobalData in May 2019 was Merck &Inc’s $2.2bn acquisition of Peloton Therapeutics.

In second place was the $400m acquisition of Abide Therapeutics by H. Lundbeck and in third place was EcoR1 Capital, F2 Ventures, Fidelity Management & Research, Gilead Sciences, SVB Leerink, Redmile Group, Samsara BioCapital and Invus Group’s $120m venture financing of AlloVir.

The $90m venture financing of Phathom Pharmaceuticals by Abingworth, BVF Partners, Frazier Healthcare Partners, Greenspring Associates, Janus Henderson Investors, Medicxi Ventures (UK), RA Capital Management, Richard King Mellon Foundation and Sahsen Ventures and Evotec’s acquisition of Just Biotherapeutics for $90m held fourth and fifth positions, respectively.

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

 

Related Companies

Verdict deals analysis methodology

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Country and industry are defined according to the headquarters and dominant industry of the target firm. The term ‘acquisition’ refers to both completed deals and those in the bidding stage.

GlobalData tracks real-time data concerning all merger and acquisition, private equity/venture capital and asset transaction activity around the world from thousands of company websites and other reliable sources.

More in-depth reports and analysis on all reported deals are available for subscribers to GlobalData’s deals database.

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