The economic factors that created a drag on major deal-making in the biopharmaceutical sector in 2021 continued into 2022. Up until December, it seemed like a second year in a row with a top deal of about $11.6bn – but Amgen, Inc.’s $27.8bn acquisition of Horizon Therapeutics plc closed out the year with a bang, and a new top deal.
Both 2022 and 2021 significantly trail the top deal values seen in 2020, and the averages seen pre-pandemic. However, with...








