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Dealmaking Quarterly Statistics, Q2 2023

A Look At M&A And Alliance Activity Across The Biopharma, Medical Device And In Vitro Diagnostics Industries, April-June 2023

 
• By Deanna Kamienski and Maureen Riordan

During Q2, biopharma merger and acquisition deal value reached $29bn and drew in $36.8bn in potential deal value from alliances. Device company M&A values reached $988m, while in vitro diagnostics and research tools players’ M&A activity totaled $450m.

Qstats Image 1
• Source: Alamy

Biopharma merger and acquisition value for the second quarter of 2023 reached $29bn from 40 transactions, half of which had disclosed values. Making up about 37% of that total is Merck’s $10.8bn buy of Prometheus Biosciences. This deal and six other transactions were the only M&As to hit or exceed the billion-dollar mark during Q2 (see Exhibit 1).

The Merck/Prometheus deal was the largest M&A of the quarter. Founded in 2016, Prometheus is pioneering a precision medicine approach...

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