Pharma and biotech takeover activity slumps to a five-year low in 2017.
The summer lull proved even quieter than normal in 2017, as transaction volumes slumped to a decade low.
Fewer smaller transactions seems to be driving the dip in dealmaking, while options deals are proving more popular.
Either buyers are being pickier or the pool of targets is dwindling.
Uncertainties around US healthcare and tax reforms is being blamed for the drop in dealmaking.
2017 deal making opens with a bang, though transaction volume remains low.