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Biotech Capital Markets Overview - Deal Action Slowing Down Waiting for Market Tailwinds

Jonathan Poyer



Week Ending October 4th, 2024:


  • Biotech: 2 Transactions (1 Follow-On and 1 RM Closing) totaling just under $500 Million

  • Med Tech: 1 Transaction (1 RD) totaling $30 Million


2024 YTD:


  • 218 Biotech transactions totaling just under $39 Billion v. 2023 YTD: 137 Biotech transactions totaling just over $20 Billion

  • 11 Med Tech transactions totaling just over $1 Billion v. 2023 YTD: 15 Med Tech transactions totaling just over $1 Billion


Private Transactions:


  • Biotech: 207 US Transactions / 83 European Transactions

  • Med Tech: 137 US Transactions / 47 European Transactions


September Deal:


  • Organon acquired Dermavant for $175M


August Deals:


  • Crown Laboratories acquired Revance for $924M or $6.66/share

  • Pharmacosmos acquired G1 Therapeutics for $405M or $7.15/share

  • Otsuka Pharmaceutical acquired Jnana Therapeutics for $800M

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