Strategic Intelligence: Pharma M&A Deals H1 2026 - Top Themes
Summary
This report analyzes the disruptive themes that have driven M&A activity in H1 2026 in the pharma Sector.Key Highlights
- The global pharma sector in H1 2026 witnessed deals worth $186 billion, a growth of 154% compared to H1 2025. The Pharma sector recorded deal value worth $162 billion mega deals (defined as any deal valued at more than $1 billion) in H1 2026, an increase of 173% compared to H1 2025.
Scope
- This report provides an overview of merger and acquisition activity globally in H1 2026 in Pharma Sector
- It identifies the themes driving most notable to deals announced in H1 2026 in the Pharma Sector
Reasons to Buy
- Companies who invest in the right themes become success stories; those who miss the big themes end up as failures. If you want to understand the themes that drive an industry, simply look at the list of recent mergers and acquisitions (M&A).
- In this report we have listed down the most notable deals in pharma sector to make it easy for our clients to get a view of themes disrupting the sector and prepare for the future.
Table of Contents
- Executive Summary
- Review of the Pharma M&A Market - H1 2026
- Pharma M&A Deals Analysis by Geography - H1 2026
- Further Reading
- Report Authors
- Appendix 1: Deal Selection Criteria
- Appendix 2: Our Thematic Research Methodology
- Contact Us
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Groupe Bruxelles Lambert SA
- StepStone Group Inc
- AlpInvest Partners B.V.
- CPP Investment Board Private Holdings (4) Inc
- CVC Capital Partners Fund IX
- Luxinva S.A
- Andrea Recordati
- MGG Strategic SICAF SIF SA
- Respighi BidCo SPA
- PSP Europe LP
- Sun Pharmaceutical Industries Ltd
- Merck KGaA
- AbbVie Inc
- GSK plc
- Eli Lilly and Co
- Merck & Co Inc
- Biogen Inc
- Gilead Sciences Inc
- Angelini Pharma SpA
- Lone Star Fund XII
- Novartis AG
- Neurocrine Biosciences Inc
- Les Laboratoires Servier SAS
- Bayer AG
- Recordati SpA
- Organon & Co
- Bio-Techne Corp
- Apogee Therapeutics Inc
- Nuvalent Inc
- Centessa Pharmaceuticals Plc
- Kelonia Therapeutics Inc
- Arcellx Inc
- Terns Pharmaceuticals Inc
- Apellis Pharmaceuticals Inc
- Tubulis GmbH
- Catalyst Pharmaceuticals Inc
- Lonza Group
- Pikavation Therapeutics Inc
- Soleno Therapeutics Inc
- Edgewise Therapeutics
- Day One Biopharmaceuticals Inc
- Perfuse Therapeutics Inc
- Orna Therapeutics Inc

