Dealert Deals Biotechnology & Medical Research
Sub-sector · Biotechnology & Medical Research

Recent Biotechnology & Medical Research M&A deals

Transactions classified within the Biotechnology & Medical Research sub-sector. Sectors follow a structured hierarchy so filters and comparable sets stay reproducible.

Deals in this slice
1,997
Public & account-only records combined
Year range
2026
Across the visible recent transactions
Shown below
10
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Recent transactions

Public snapshots in Biotechnology & Medical Research

Target Buyer / Investor Sector Geo Transaction size EV / EBITDA
Merida Biosciences Eli Lilly Bio Therapeutic Drugs $2,880M n/m
Personalis Tempus AI Biotechnology & Medical Research (NEC) $361M – $489M n/m
Becton Dickinson’s Biosciences & Diagnostics Unit Waters Bio Diagnostics & Testing $15,000M 16× – 21×
Early Phase Services division of Worldwide Clinical Trials Fortrea Biotechnology & Medical Research (NEC) $45.0M 4× – 5×
Worldwide Clinical Trials Early Phase Services division Fortrea Biotechnology & Medical Research (NEC) $45.0M 6× – 8×
Nuvalent GSK Bio Therapeutic Drugs $10,600M 38× – 40×
Alesta Therapeutics BioMarin Pharmaceutical Inc. Bio Therapeutic Drugs $85.0M – $115M n/m
Neurona Therapeutics UCB Bio Therapeutic Drugs $47.2M – $63.8M n/m
Merida Biosciences Eli Lilly and Co. Bio Therapeutic Drugs $2,875M n/m
Thermo Fisher Scientific microbiology business Astorg Bio Diagnostics & Testing $1,075M 7× – 9×
Showing 10 of 1,997 records in this slice. Create a free account for the full view.
Valuations

Valuation multiples in Biotechnology & Medical Research

Bins are observed deal frequencies across disclosed transactions. Use as a directional reference, not a target valuation.

Mature companies

EV / EBITDA

7.5×
3
8.0×
13
8.5×
23
9.0×
16
9.5×
18
10.0×
41
10.5×
16
11.0×
26
11.5×
16
12.0×
26
12.5×
10
13.0×
23
13.5×
15
14.0×
12
14.5×
10
15.0×
25
15.5×
5
16.0×
12
16.5×
4
17.0×
9
17.5×
11
18.0×
8
18.5×
4
19.0×
1
20.0×
10
20.5×
2
21.0×
7
22.0×
5
22.5×
4
23.0×
5
23.5×
5
24.0×
6
24.5×
4
25.0×
8
25.5×
4
26.0×
4
26.5×
2
27.0×
4
27.5×
2
28.5×
1
29.0×
5
29.5×
1
30.0×
5
31.0×
1
32.0×
1
32.5×
3
33.0×
5
33.5×
2
34.0×
3
34.5×
1
35.0×
1
35.5×
1
36.0×
4
36.5×
2
37.0×
2
37.5×
1
38.0×
4
38.5×
1
39.0×
2
40.0×
4
40.5×
1
41.0×
1
42.0×
1
42.5×
5
45.0×
1
45.5×
2
46.0×
2
47.5×
3
48.0×
2
48.5×
2
Mean
17.89×
Median
14.00×
P25
10.87×
P75
22.00×
P90
33.97×

EV / EBIT

10.0×
1
10.5×
4
11.0×
12
11.5×
17
12.0×
17
12.5×
14
13.0×
21
13.5×
14
14.0×
28
14.5×
18
15.0×
18
15.5×
12
16.0×
14
16.5×
10
17.0×
11
17.5×
13
18.0×
8
18.5×
9
19.0×
5
19.5×
1
20.0×
20
20.5×
7
21.0×
8
21.5×
11
22.0×
10
22.5×
4
23.0×
3
23.5×
4
24.0×
6
25.0×
4
25.5×
5
26.0×
5
26.5×
5
27.0×
2
28.0×
4
28.5×
5
29.0×
3
29.5×
2
30.0×
6
30.5×
1
31.0×
1
31.5×
1
32.0×
6
33.0×
1
33.5×
2
34.0×
5
35.0×
7
35.5×
1
36.0×
2
36.5×
4
37.0×
2
37.5×
6
38.0×
3
38.5×
2
40.0×
1
40.5×
1
41.0×
2
41.5×
2
42.0×
4
42.5×
6
43.0×
1
45.0×
2
45.5×
1
46.0×
2
47.0×
2
47.5×
2
48.0×
2
48.5×
4
Mean
25.42×
Median
19.32×
P25
14.44×
P75
32.00×
P90
50.00×

EV / Revenue

1.3×
12
1.5×
28
1.8×
28
2.0×
33
2.3×
26
2.5×
30
2.8×
28
3.0×
30
3.3×
28
3.5×
16
3.8×
12
4.0×
21
4.3×
19
4.5×
7
4.8×
8
5.0×
10
5.3×
12
5.5×
14
5.8×
6
6.0×
8
6.3×
4
6.5×
8
7.0×
6
7.3×
2
7.5×
10
7.8×
4
8.0×
7
8.3×
7
8.5×
3
8.8×
3
9.0×
2
9.3×
3
9.5×
2
9.8×
1
10.0×
3
10.3×
3
10.5×
1
11.0×
3
11.5×
3
11.8×
1
12.0×
6
12.3×
2
12.5×
6
12.8×
1
13.0×
1
13.3×
1
13.5×
1
14.3×
3
14.5×
2
14.8×
1
15.0×
4
15.3×
1
15.5×
1
16.0×
6
16.3×
2
16.5×
1
16.8×
2
17.0×
4
17.5×
1
18.3×
3
18.5×
1
18.8×
2
19.0×
5
20.0×
6
20.5×
1
20.8×
2
21.0×
2
21.3×
3
22.0×
2
22.8×
3
23.5×
1
24.0×
4
24.3×
1
25.0×
1
26.5×
1
Mean
6.19×
Median
3.89×
P25
2.50×
P75
7.62×
P90
15.76×
Early-stage & growth companies

EV / Revenue

5.0×
2
5.3×
7
5.5×
10
5.8×
2
6.0×
15
6.3×
12
6.5×
10
6.8×
4
7.0×
6
7.3×
4
7.5×
16
7.8×
9
8.0×
20
8.3×
12
8.5×
9
8.8×
8
9.0×
13
9.3×
9
9.5×
12
9.8×
1
10.0×
36
10.3×
6
10.5×
21
10.8×
12
11.0×
12
11.3×
10
11.5×
8
11.8×
9
12.0×
15
12.3×
9
12.5×
11
12.8×
2
13.0×
14
13.3×
17
13.5×
9
13.8×
4
14.0×
23
14.3×
16
14.5×
7
15.0×
24
15.3×
16
15.5×
9
15.8×
10
16.0×
51
16.3×
12
16.5×
12
16.8×
4
17.0×
15
17.3×
2
17.5×
4
17.8×
4
18.0×
6
18.3×
16
18.5×
8
18.8×
15
19.0×
20
19.3×
2
19.5×
1
19.8×
1
20.0×
49
20.5×
1
20.8×
1
21.0×
8
21.3×
21
21.5×
5
21.8×
4
22.0×
13
22.3×
2
22.5×
5
22.8×
26
23.0×
5
23.3×
5
23.5×
12
24.0×
14
24.3×
5
24.5×
2
24.8×
3
25.0×
16
25.3×
1
25.8×
2
26.0×
5
26.3×
1
26.5×
7
27.0×
7
27.3×
3
27.5×
13
28.0×
5
28.3×
5
28.5×
8
28.8×
1
29.0×
5
29.3×
1
29.5×
1
Mean
18.98×
Median
16.32×
P25
11.29×
P75
24.00×
P90
33.26×

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