08 Apr 2020
Posted in Business Fundamentals
Healthcare sector witnesses second consecutive week of growth in deal activity, says GlobalData
The number of deals announced in the global healthcare sector, including pharmaceuticals and medical equipment, grew by 5.9% during the week ended 5th April, 2020, compared to the previous week, according to GlobalData’s deals database.
Aurojyoti Bose, Analyst at GlobalData, comments: “This marks the second consecutive week of growth in deal activity for the healthcare sector. Amid COVID-19 concerns, the healthcare sector has been showcasing resilience and witnessing growth in deal activity.”
Deal activity declined in the US, while China witnessed growth in deal activity during the week ended April 5.
Bose continued: “Announcement of venture financing, partnership and merger and acquisitions (M&A) deals increased by 45.8%, 8.6% and 54.5%, respectively, while licensing agreement and private equity deal volume remained at the same level during the week ended April 5, 2020 compared to the previous week. On the other hand, equity offerings deal volume dropped by 32.5%.”