Week Ending June 23rd, 2023
Biotech: 4 Transaction (2 Follow-Ons and 2 PIPEs) totaling just under $300 Million
Med Tech: No Current Week Transactions
2023 YTD
85 Biotech transaction totaling just over $11 Billion v. 2022: 60 Biotech transactions totaling just under $7 Billion
10 Med Tech transactions totaling just over $600 Million v. 2022: 3 Med Tech transaction just over $200 Million
Private Transactions:
Biotech: 115 Transactions / 38 European Transactions
Med Tech: 66 US Transactions / 25 European Transactions
In June, we have seen the following acquisitions:
Qpex Biopharma acquired by Shionogi ($100M)
Dice Therapeutics acquired by Eli Lilly ($2.4B)
Chinook Therapeutics acquired by Novartis ($3.2B)
Paratek Pharmaceuticals acquired by Gunet Point Capital, Novo Holdings ($123M)
May acquisitions:
VectivBio acquired by Ironwood Pharmaceuticals ($1.145B)
CTI Biopharma acquired by Sobi ($1.7B)
Surely there will be a lot more to come!