In the Chinese pharmaceutical industry, there were 25 M&A deals announced in Q3 2023, worth a total value of $602.1m, according to GlobalData’s Deals Database. The $159m majority acquisition of Diasys Diagnostic Systems (Shanghai) by Shenzhen Mindray Bio-Medical Electronics was the industry’s largest disclosed deal. GlobalData’s Pharmaceuticals Industry Mergers and Acquisitions Deals by Top Themes report for Q3 2023 dissects the driving forces behind the M&A dynamics within the Pharma sector, offering essential insights into industry trends and transformations. Buy the report here.

In value terms, M&A activity in China increased by 124% in Q3 2023 compared with the previous quarter’s total of $268.6m and fell by 60% as compared to Q3 2022. Related deal volume decreased by 4% in Q3 2023 versus the previous quarter and was 24% lower than in Q3 2022.

The top-ranked financial advisors supporting these M&A deals in China in Q3 2023 were China Dragon Securities; Hualong Securities; Lazard with 1, 1, 1 deals respectively.

The top-ranked legal advisorss supporting these M&A deals in China Q3 2023 were DeHeng Law Offices; Dorsey & Whitney; Freshfields Bruckhaus Deringer with 1, 1, 1 deals respectively.

For further understanding of GlobalData's Pharmaceuticals Industry M&A Deals by Top Themes in Q3 2023 – Thematic Intelligence, buy the report here.

This content was updated on 20 October 2023

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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.

GlobalData’s Deals Database tracks global deal activity, including mergers, acquisitions, capital raising, strategic alliances, and licensing agreements. Proprietary analysis is used to group deals into key thematic areas and granular sectors across the world’s largest industries.

This analysis considers only announced and completed deals from the GlobalData financial deals database and excludes all terminated and rumoured deals. Deal type includes Acquisition, Asset transactions and Mergers.