• Transactions in the Pharma Services – Development industry totaled nine mergers & acquisitions and five financings during the month of May
  • In terms of M&A, the Clinical Services sector was the most active this month, with 7 M&A transactions; while in terms of financing Laboratory Services was the most active with 3 financings
  • Total disclosed M&A value was $2.4 million, while financing totaled $283.5 million
  • The largest disclosed M&A transaction this month was the $2.4 million acquisition of BASi Gaithersburg by Bioanalytical Systems, while the largest financing this month was $200 million raised by Tempus Labs
  • M&A and financings in the United States accounted for 67% and 60% of total transactions this month, up 11% and 20%, respectively
  • M&A activity this month includes acquisitions by Genstar Capital, ICON, WuXi Clinical, Caris Life Sciences and Great Point Partners
  • Crosstree acted as the financial advisor to Genstar on its acquisition of Advarra