
Pharma & Biotech: M&A Accelerates, Layoffs and Funding Mark H1 Close
The week of July 6-13, 2026, saw continued M&A momentum with Novartis and Incyte deals, alongside Genentech layoffs and a Bayer equity infusion. Biosimilar adoption gained traction amid patent expirations, while regulatory actions included an FDA rejection and ARPA-H gene-editing funding. The sector closed H1 at a five-year high supported by deal flow and clinical progress.