7 Billion-Dollar Oncology M&As from Q1

With the post-pandemic slump firmly in the rearview mirror, merger and acquisition activity in the biopharma sector continued to rebound in the early part of 2024. In addition to dominating early-stage investments of late, oncology was the most active therapeutic area for M&As in the first quarter. Of note, AstraZeneca and BMS each agreed to or completed two multibillion-dollar purchases, while AbbVie made the biggest splash when it wrapped up its $10.1 billion takeover of ImmunoGen.