Article
M&A Activity Slows in 2022 as the Pandemic Biotech Boom Fades
IQVIA Pharma Deals
Feb 02, 2023

After rebounding in 2021 following the challenges caused by the COVID-19 pandemic, M&A dealmaking took a surprising turn in the first half of 2022 with a significant decline in activity, both in terms of deal volume and value, amid challenging market conditions and escalating geopolitical tensions. This reduced appetite for M&A continued into Q3 2022 as ongoing uncertainties led risk-averse pharmaceutical companies to enter smaller scale, asset-driven acquisitions opposed to big-ticket transformational buyouts.

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