While Pfizer Inc.’s acquisition of Seagen Inc. in March did not set off a wave of mega-mergers, and overall deal volume was down in both mergers-and-acquisitions and alliances in 2023, the valuations did trend higher – even excluding the $43bn Pfizer/Seagen merger.
Fewer Acquisitions And Alliances In 2023, But Valuations Increased
INFOGRAPHIC: Deal volume for both M&A and alliances fell in 2023, but average valuations rose appreciably. Antibody-drug conjugates for cancer drove high-value acquisitions and partnerships.
