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Biotech dealmaking heats up with key players in radiopharmaceuticals, CAR-T, GLP-1, and ADC sectors ahead of JPM 2026.

Market News
14 May 2026
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Neutral
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Biotech dealmaking is accelerating as major drugmakers face patent expirations and seek growth, focusing on five key therapeutic areas: radiopharmaceuticals, next-gen GLP-1, autologous CAR-T, allogeneic cell therapy, and antibody-drug conjugates (ADC). Leading publicly traded companies in these sectors include Lantheus (radiopharmaceuticals), Viking Therapeutics (next-gen GLP-1), Legend Biotech (autologous CAR-T), Allogene Therapeutics (allogeneic CAR-T), and ADC Therapeutics (ADCs). Each company shows strong standalone fundamentals with potential for mergers and acquisitions, though risks vary from clinical trial outcomes to financial challenges. Investors are advised to consider position sizing carefully due to the volatile nature of biotech stocks.

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