Apr. 1 at 12:57 PM
$WVE Pharma Double-Dippers Lead Q1 Deal Activity to Nearly
$47B
April 1, 2026
Deal-hungry Big Pharmas, a long-sought biotech prize, an infrequent buyer and one serial biotech rabblerouser highlight a busy quarter in biopharma M&A.
Eli Lilly has served up a triple-scoop of deals, while Gilead, GSK and Novartis went for more modest double-stacked cones in the first quarter. In all, biopharma spent about
$46.8 billion on acquisitions in the period across 19 deals as M&A activity in the sector picks up.
The period ended with a flurry of activity, including deals from Biogen, Eli Lilly and Novartis. All told, companies dropped about
$20 billion on deals in the final week of the first period alone.
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https://www.biospace.com/business/pharma-double-dippers-lead-q1-deal-activity-to-nearly-47b