Express Pharma

Healthcare industry reported 119 deals worth $10.8 billion in March 2021

Deal value decreased by 66.7 per cent in March 2021, compared to February 2021

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In March 2021, the healthcare industry reported 119 deals worth $10.8 billion as compared to the last 12-month average (March 2020 to February 2021) of 94 deals worth $20 billion.

Amgen Inc, a biopharmaceutical company, to acquire Five Prime Therapeutics Inc, a clinical-stage biotechnology company for $38 per share in cash, representing an equity value of approximately $1,900 million; Altaris Capital Partners, LLC, a private equity firm, to acquire Generic Rx Pharmaceuticals business of Perrigo Company plc for $1,550 million in cash; and Abu Dhabi Developmental Holding Company PJSC to acquire Amoun Pharmaceutical Company S.A.E., a company engaged in the development, manufacturing, marketing, distribution, and export of human pharmaceutical and animal health products for $740 million are the three major deals reported in March 2021.

Deal Date

Acquirer (s)Target

Deal Value ($ m)

4-Mar-21Amgen Inc (US)Five Prime Therapeutics Inc (US)1,900.0
1-Mar-21Altaris Capital Partners LLC (US)Generic Rx Pharma Business (Ireland)1,550.0