M&A activity remains moderate to strong in both sectors.
2018 was a blockbuster year for life sciences M&A, with three deals exceeding the $10 billion mark. Advanced therapies are emerging, accounting for two of the top 10 announced deals in life sciences. M&A in chemicals is spread across the value chain with European players investing in innovation and technology. Digitalization and innovation drive collaborations in both sectors. US and China remain the most active countries in life sciences and chemicals.
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