Biopharma Quarterly Dealmaking Statistics, Q3 2018

A look at financing, M&A and alliance activity July-September 2018

Biopharma financing reached $14.6 billion in the third quarter, a 15% increase over Q2, while merger and acquisitions, at $7.7 billion (the lowest quarter of the year so far), showed a sharp decline. Alliance value reached $20.3 billion, far exceeding the $13.8 billion from Q2.

Biopharma financing value for 2018's third quarter reached $14.6 billion, an 18% increase over Q2's $12.4 billion, but still did not attain the $16.6 billion high achieved in Q1. Much of the growth was due to an almost doubling of debt financings during Q3 to 22 transactions ($1.7 billion) versus the 12 completed in Q2 (for $903 million), representing an 83% increase in dollar value. Follow-on public offerings again dominated as the deal type bringing in the most dollars. Q3 FOPOs accounted for 37% of all financings (with 15 transactions topping the $100 million mark), led by immunotherapy and gene editing firm bluebird bio Inc.'s $601 million offering [See Deal]. (See Exhibit 1.) Bluebird itself invested $10 million in partner Gritstone Oncology's August $21 million Series C round [See Deal]. (Gritsone later went on to net $93 million in an October IPO [See Deal].) Under an August alliance, Gritstone plans to use its EDGE neoantigen platform to help bluebird discover and develop new cell therapies [See Deal].

Open Media

Read the full article – start your free trial today!

Join thousands of industry professionals who rely on In Vivo for daily insights

  • Start your 7-day free trial
  • Explore trusted news, analysis, and insights
  • Access comprehensive global coverage
  • Enjoy instant access – no credit card required

More from Deal-Making

Bringing Israeli Medical Device Candidates To The Right Partners In The US

 
• By 

Despite regional unrest, it is business as usual for medtech innovators and investors in Israel as evidenced by continued high-value M&A of locally developed technologies. Irit Yaniv, co-chair of the medtech session at the upcoming BioMed Israel 2025, explained the unique dynamics of Israeli medtech innovation.

Deals In Depth: April 2025

 
• By 

Four $1bn+ alliances were penned in April, and one exceeded $2bn.

Deals Shaping The Industry, April 2025

 
• By 

An interactive look at pharma, medtech and diagnostics deals made during April 2025. Data courtesy of Biomedtracker.

Protagonist’s Patel: Building A Differentiated Peptide Platform With Strategic Patience

 
• By 

After revolutionizing the peptide therapeutic landscape, CEO Dinesh Patel reflects on the journey from surviving the 2008 financial crisis to developing a platform now poised to deliver back-to-back blockbuster approvals.

More from In Vivo

The 360 Degrees Of European Biotech Financing In 2025

 
• By 

Almost halfway through 2025, and financing for European biotech could be described as challenging. Market volatility, geopolitical instability and trade barriers all loom large in biotech CEO minds when pitching for funding. In Vivo talked to biotechs and investors to gain a realistic view of the current market for company funding so far this year.

Rising Leaders 2025: Pedro Valencia’s ADC Vision At AbbVie

 
• By 

From chemical engineering to cancer innovation, AbbVie's rising oncology leader is advancing next-generation ADCs to tackle difficult-to-treat tumors with a patient-centered approach.

Leaders At The Frontier: Conversations From SynBioBeta 2025

 
• By 

Mini-profiles of five synthetic biology companies and their leaders from SynBioBeta 2025 reveal how AI integration, data-driven platforms and interdisciplinary teams are revolutionizing drug discovery and manufacturing.