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AstraZeneca and Bristol Myers Squibb consider $400B merger to create pharma giant

Company Fundamentals
02 Aug 2026
CNBC
View Source
Bullish
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UK pharmaceutical company AstraZeneca is in talks to merge with US rival Bristol Myers Squibb, potentially forming a combined entity valued at around $400 billion. The merger would be one of the largest in history, combining AstraZeneca's global reach with Bristol Myers Squibb's strong cancer drug portfolio, including treatments for melanoma, colorectal, breast, and lung cancers. Discussions have been ongoing for several months, but it remains uncertain if the deal will be finalized. This potential merger could significantly reshape the pharmaceutical industry landscape.

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