Biopharma’s top M&A deals of 2024

Today’s Big News

Jan 13, 2025

JPM25: Johnson & Johnson makes a splash, buying out Intra-Cellular Therapies for $14.6B  


The top 10 biopharma M&A deals of 2024


 JPM25: Regeneron, Illumina and more back Truveta for 10M genome sequencing project 


JPM25, Day 1: Fewer attendees this year? Plus, GSK's billion-dollar bet, Lilly buys Scorpion & more


Eli Lilly strikes $2.5B Scorpion buyout in twist to breast cancer tale 


JPM25, Day 1: Pfizer CEO discusses plan to overcome $17B 'LOE wave' 


Strategist GSK acquires IDRx for $1B in hopes of bringing GIST patients new standard of care 


Gilead roars into JPM25, inking $1.7B inflammation deal with Leo Pharma

 

Featured

JPM25: Johnson & Johnson makes a splash, buying out Intra-Cellular Therapies for $14.6B

Johnson & Johnson has opened the J.P. Morgan Healthcare Conference with a bang, buying out Intra-Cellular Therapies for $14.6 billion. At $132 per share, J&J paid a 39% premium on Friday’s closing price of Intra-Cellular, a New York City based biotech that develops and markets products for the central nervous system.
 

Top Stories

The top 10 biopharma M&A deals of 2024

While the overall volume of pharma and life sciences M&A activity was healthy in 2024 versus historic levels, deals trended toward the smaller side, reducing the total deal value observed for the year. That inclination for large pharma companies to pursue small and mid-sized transactions is likely to persist in 2025, too, analysts at Leerink Partners and PwC have opined.

JPM25: Regeneron, Illumina and more back Truveta for 10M genome sequencing project

Illumina and Regeneron are taking stakes in health data company Truveta to help fund research that may dwarf previous DNA sequencing projects.

JPM25, Day 1: GSK's billion-dollar bet, Bayer's trial first, Lilly buys Scorpion, and more

It's JPM 2025 and here at Fierce Biotech we’re bringing you all the latest updates live from the life sciences event of the year.

JPM25: Eli Lilly strikes $2.5B Scorpion buyout in twist to breast cancer tale

Eli Lilly is reenergizing its attempt to challenge Novartis and Roche for a breast cancer market, kicking off the J.P. Morgan Healthcare Conference with a deal to buy Scorpion Therapeutics’ PI3Kα pipeline for up to $2.5 billion.

JPM25, Day 1: Pfizer CEO discusses plan to overcome $17B 'LOE wave'

For the 43rd edition of the JPM conference, Johnson & Johnson stole the spotlight off the bat. But plenty of other company updates are on deck for day 1.

JPM25: Strategist GSK acquires IDRx for $1B in hopes of bringing GIST patients new standard of care

In a deal worth up to $1.15 billion, GSK is acquiring precision medicine biotech IDRx and its phase 3-ready gastrointestinal cancer asset.

Gilead roars into JPM25, inking $1.7B inflammation deal with Leo Pharma

Gilead continues its divergence out of its original infectious disease beginnings and into cancer and, now, more deeply than before, into inflammation, penning a major $1.7 billion deal with dermatology specialist Leo Pharma just a few days before the J.P. Morgan Healthcare Conference.

Y-mAbs splits from commercial chief, tasks new hire with growing cancer drug sales

Y-mAbs Therapeutics is parting ways with its chief commercial officer and putting a new hire in charge of the cancer drug Danyelza. The biotech made the changes, which include “a small adjustment” to the commercial team, as part of a rethink that could put 13% of its employees out of work.

JPM25: Moderna slashes guidance, plots $1B in cost cuts this year amid lackluster vaccine sales

Against the backdrop of poor sales for the company’s COVID-19 shot Spikevax and its recently approved RSV prophylactic mRESVIA, Moderna is “accelerating and expanding” its prior efficiency and prioritization efforts. The company plans to hive off roughly $1 billion from its annual spend in 2025.

JPM25: Guardant Health posts 31% sales gain as cancer blood tests expand

In an early look at its 2024 earnings, Guardant's $737 million total topped not only Wall Street estimates but its own financial forecast.

Endo delivers more straight talk in fresh TV spot to bust Peyronie’s taboo

What connects a broken windshield, a raccoon infestation and Peyronie’s disease? According to Endo, all three challenges are examples of when people benefit from speaking up and getting recommendations from trusted sources.
 
Fierce podcasts

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Breaking down the 55 new drug approvals of 2024

This week on “The Top Line,” we dive into 2024's batch of new FDA drug approvals, highlighting some potential blockbusters and shifts from previous years' lists.
 

Resources

Whitepaper

Communicating the Value of Biopharma Assets to Potential Investors

How can an emerging company attract the right partner for a therapeutic asset (& optimize its value in a transaction)? This paper offers some insights.
 

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