The IQVIA Pharma Deals Half Year Review of 2024 reveals important trends in the pharmaceutical sector's mergers, acquisitions (M&A), and licensing activities. Although the number of M&A deals dropped by 20% compared to the first half of 2023, the total value of these deals increased significantly. This shows that big pharmaceutical companies, like Johnson & Johnson, Merck & Co., and Gilead Sciences, are focusing on larger, more strategic acquisitions, especially in the areas of oncology and immunology.
Licensing deals also saw a change. While the number of deals fell by 24%, the overall value went up by 22%. This suggests that companies are more interested in securing high-value, later-stage products rather than a large number of early-stage assets. Oncology remained the top focus for deals, driven by advances in immuno-oncology and new treatments like radiopharmaceuticals.
Looking ahead, the report predicts that deal-making will continue, particularly as many major drug patents are set to expire. This will push companies to look for new, innovative therapies through acquisitions and partnerships. Although regulatory issues may limit some large deals, targeted acquisitions and licensing agreements will likely remain a key strategy for future growth.
For more detailed insights, IQVIA provides a comprehensive analysis on this topic.
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Licensing deal volume was down, yet value was up in H1 2024. Discover how this trend is reshaping the competitive landscape in drug development. Download the #PharmaDeals H1 Review of 2024 to find out more https://bit.ly/4gNZQrl #PharmaLicensing #PharmaceuticalStrategy