Kimberly-Clark agreed to acquire Kenvue in a cash-and-stock deal valuing the Johnson & Johnson spin-off at about $48.7 billion in enterprise value. Kenvue holders are set to receive $3.50 in cash plus 0.14625 Kimberly-Clark shares per Kenvue share, equal to $21.01 per share based on October 31 pricing, a 46% premium to Kenvue’s prior close.…
2025 pharma M&A surges to $70 billion in major deals
Novo Nordisk’s $5.2 billion acquisition of Akero Therapeutics sits at the center of 2025’s hottest M&A space: MASH/metabolic disease. The deal, announced October 9, represents the largest of three major Fibroblast Growth Factor 21 (FGF21) analog acquisitions in five months. Across the broader landscape, 2025 pharma M&A activity reached approximately $70 billion in upfront consideration…
Novartis bets $200M upfront on Arrowhead’s Parkinson’s RNAi, total value up to $2.2B
Novartis has signed a global licensing agreement with Arrowhead Pharmaceuticals for the preclinical RNA interference (RNAi) therapy ARO-SNCA, targeting alpha-synuclein in Parkinson’s disease and related disorders. The deal, announced Tuesday and reported by Reuters, includes a $200 million upfront payment to Arrowhead, with up to $2 billion in potential milestones, plus tiered royalties (capped in…
M&A strong at the dawn of 2024, but it’s too early to tell if it will match 2023 levels
The biopharma sector appears to be gearing up for a dynamic year of merger and acquisition activity in 2024. Analysts at EY indicate the sector could see between $225 billion and $275 billion in total deal value, in line with 2023’s roughly $238 billion. In the first 24 days of January this year, there were…