M&A deal value in healthcare, pharma hits record high in first half of 2022
Live MintIndia’s healthcare and pharmaceutical sector saw hectic deal activity with the value of merger and acquisitions in the first six months of this calendar year scaling a record high and crossing the total deal value of $3.35 billion in 2021. M&A deal value in the sector touched $4.32 billion during January to June, compared to $2.02 billion in the same period last year, according to VCCEdge, the data and intelligence platform of VCCircle. The record M&A deal value in the sector was largely due to Biocon Biologics’s definitive agreement to buy Viatris Inc.’s global biosimilar portfolio for $3.34 billion in February. Private equity dealmaking in the healthcare and pharmaceuticals sector also remained quite robust as deal value shot up to $2.96 billion in the first six months of this year from $2.75 billion during July-December 2021.