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As we head into what is anticipated to be a strong year for biopharma dealmaking, we look back at some of the biggest deals in 2025 that focus on biologics and biosimilars.

Antibody Therapy Deals
Novartis acquires Avidity Biosciences

On October 26, 2025, Novartis AG and Avidity Biosciences, Inc. announced that they had entered into