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  • Jonathan Poyer

AstraZeneca Gets Into the M&A Game - 3 Big Deals in December

Updated: Apr 11




Week Ending December 15th, 2023


  • Biotech: 6 Transactions (5 Follow-Ons and 1 PIPE) totaling just under $500 Million

  • Med Tech: No Current Week Transactions


2023 YTD


  • 176 Biotech transactions totaling just under $26 Billion v. 2022: 165 Biotech transactions totaling just under $21 Billion

  • 18 Med Tech transactions totaling just over $1 Billion v. 2022: 10 Med Tech transactions just under $900 Million


Private Transactions


  • Biotech: 241 Transactions / 76 European Transactions

  • Med Tech: 137 US Transactions / 38 European Transaction


Major Transactions:


  • AstraZeneca acquired Icosavax - $800M / $15/share

  • AbbVie acquired Cerevel Therapeutics - $8.7B / $45/share

  • Roche acquired Carmot Therapeutics - $2.7B

  • AbbVie acquired ImmunoGen - $10.1B / $31.26/share

  • Astellas Pharma acquired Propella Therapeutics - $175M

  • Ajinomot acquired Forge Biologics - $554M

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