Deals In Depth: October 2023

Nine $1bn+ alliances were penned in October. Topping the list was a potential $22bn deal between Daiichi Sankyo and Merck for the global development and commercialization of Daiichi’s DXd antibody drug conjugate candidates patritumab deruxtecan, ifinatamab deruxtecan and raludotatug deruxtecan.  

Deals In Depth

Patritumab deruxtecan has Breakthrough Therapy Designation for EGFR-mutated locally advanced or metastatic non-small cell lung cancer with disease progression on or after treatment with a third-generation tyrosine kinase inhibitor and platinum-based therapies. Ifinatamab deruxtecan is in Phase II for previously treated extensive-stage small cell lung cancer, and raludotatug deruxtecan is in a first-in-human Phase I trial for ovarian cancer.

In the top October M&A by deal value, Roche entered into a definitive agreement with Roivant to acquire its Telavant...

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