Drugmakers signed deals worth at least $18 billion in combined value on Monday, the first day of the healthcare industry's top conference in San Francisco.
Dealmakers are anticipating a surge in megadeals worth over $10 billion, buoyed by hopes of a more lenient antitrust environment under the incoming Trump administration.
The following is a list of deals that took place on Monday ahead of the JPMorgan Healthcare Conference:
GSK-IDRx
British drugmaker GSK (GSK.L) said that it would pay up to $1.15 billion to buy Boston-based biopharmaceutical firm IDRx.
J&J-Intra-Cellular Therapies
Johnson & Johnson (JNJ.N) said it will buy Intra-Cellular Therapies (ITCI.O) for $14.6 billion, with plans to fund the deal through a combination of cash and debt.
Eli Lilly-Scorpion Therapeutics
Eli Lilly (LLY.N) plans to buy Scorpion Therapeutics' experimental cancer therapy for up to $2.5 billion in cash to expand its pipeline of cancer treatments.
AbbVie-Simcere Pharmaceutical
AbbVie (ABBV.N) has obtained the option to license a new blood cancer drug candidate from Simcere Pharmaceutical's (2096.HK) unit for markets outside China, in a deal valued at up to $1.06 billion.
