The US pharma industry saw a drop of 1.3% in overall deal activity during March 2019, when compared with the last 12-month average, according to GlobalData’s deals database.

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A total of 78 deals worth $4.52bn were announced in March 2019, compared to the 12-month average of 79 deals.

Venture financing was the leading category in the month in terms of volume with 61 deals which accounted for 78.2% of all deals.

In second place was M&A with 15 deals, followed by private equity with two transactions, respectively accounting for 19.2% and 2.6% of overall deal activity in the country’s pharma industry during the month.

In terms of value of deals, M&A was the leading deal category in the US pharma industry with total deals worth $3.51bn, while venture financing and private equity deals totalled $833.44m and $171.2m, respectively.

US pharma industry deals in March 2019: Top deals

The top five pharma industry deals accounted for 80% of the overall value during March 2019.

The combined value of the top five pharma industry deals stood at $3.61bn, against the overall value of $4.52bn recorded for the month. The top announced US pharma industry deal tracked by GlobalData in March 2019 was Thermo Fisher Scientific‘s $1.7bn acquisition of Brammer Bio.

In second place was the $827m asset transaction with Ligand Pharmaceuticals by RP Management and in third place was Smith & Nephew’s $660.5m acquisition of Osiris Therapeutics.

The $280m merger of Scilex Pharmaceuticals and Semnur Pharmaceuticals and Athyrium Capital Management’s private equity deal with Secura Bio for $145m held fourth and fifth positions, respectively.

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.