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Greetings from JPM Week 2024! We’re coming to you live from San Francisco, where the industry’s biggest annual convocation is about to kick off — this time, without any substantive chatter about relocation to warmer, drier climes. And why would we leave SF? That yellow orb you see in the sky? It’s the sun! Our morning newsletter has switched to an afternoon format so that our team of STAT reporters on the ground — Allison DeAngelis, Damian Garde, Adam Feuerstein, Matthew Herper, Tara Bannow, Mohana Ravindranath, and Angus Chen — can bring you all the news, analysis, and cocktail party gossip. Let’s do this!
Expectations for M&A are sky high
That’s what happens when the last five weeks of 2023 delivered nearly $40 billion worth of biotech takeouts — RayzeBio, Gracell, Karuna Therapeutics, Icosavax, Cerevel Therapeutics and Immunogen. Folks want more!
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