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42. https://www.astrazeneca.com/media-centre/press-releases/2025/astrazeneca-enters-license-agreement-with-alteogen-for-subcutaneous-formulations-of-multiple-oncology-assets.html

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94. https://regenxbio.gcs-web.com/news-releases/news-release-details/regenxbio-and-nippon-shinyaku-announce-exclusive-partnership/#:~:text=REGENXBIO%20will%20also%20receive%20meaningful,Representative%20Director%20of%20Nippon%20Shinyaku

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96. https://www.biopharmadive.com/news/regenxbio-nippon-shinyaku-gene-therapy-mps-hunter-hurler/737250/

97. https://www.nipponpaint-holdings.com/en/ir/library/materials/20240214_summary/#:~:text=The%20year%2Dover%2Dyear%20revenue,Japanese%20and%20European%20automobile%20manufacturers.

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101. https://www.prnewswire.com/news-releases/mediar-therapeutics-enters-into-global-licensing-agreement-with-lilly-to-advance-first-in-class-wisp1-antibody-for-the-treatment-of-idiopathic-pulmonary-fibrosis-ipf-302347905.html

102. https://www.globenewswire.com/news-release/2025/03/06/3038202/0/en/Idiopathic-Pulmonary-Fibrosis-Market-Size-is-Expected-to-Reach-USD-9-23-Billion-by-2033-Growing-at-a-CAGR-of-7-35-Straits-Research.html

103. https://www.biospace.com/press-releases/mediar-therapeutics-enters-into-global-licensing-agreement-with-lilly-to-advance-first-in-class-wisp1-antibody-for-the-treatment-of-idiopathic-pulmonary-fibrosis-ipf

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306. https://www.alteogen.com/product_1/?ckattempt=1

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311. https://dealforma.com/ma-in-biopharma-therapeutics-platforms-q2-2023/#:~:text=Biopharma%20M&A%20activity%20in%20Q2%202023%20picked%20up%20as%20the,billion%20when%20counting%20contingent%20payments.

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313. https://www.pharmaceutical-technology.com/data-insights/global-ma-activity-pharmaceutical-industry/

314. https://www.grantthornton.in/globalassets/1.-member-firms/india/assets/pdfs/dealtracker/pharma_and_healthcare_dealtracker_q2_2024.pdf

315. https://www.business-standard.com/industry/news/pharma-and-healthcare-sector-seals-4-1-bn-deals-in-q2-2024-report-124071600992_1.html

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318. https://drug-dev.com/biopharmaceutical-mega-ma-deals-surge-by-71-yoy-during-q1-2024/#:~:text=Market%20News%20&%20Trends-,Biopharmaceutical%20Mega%20M&A%20Deals%20Surge%20by%2071%25%20YoY%20During%20Q1,leading%20data%20and%20analytics%20company.

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320. https://www.mmm-online.com/home/channel/biopharma-mampa-activity-jumped-in-q1-2024/

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322. https://www.evaluate.com/blog/2024-dealmaking-whats-the-score/

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327. https://baipharm.chemlinked.com/news/2022s-top-10-cross-border-licensing-deals-involving-chinese-biopharma-companies#:~:text=From%202021%20to%202022%2C%20the,less%20financing%20for%20biopharmaceutical%20companies.

328. https://www.jpmorgan.com/content/dam/jpmorgan/documents/cb/insights/outlook/jpm-biopharma-deck-q1-final.pdf

329. https://www.ropesgray.com/en/insights/alerts/2025/02/key-takeaways-from-the-life-sciences-industry-in-2024-and-whats-next

330. https://pharma-dept.gov.in/sites/default/files/CRO%20Market%20Report_High%20Resolution.pdf#:~:text=The%20Pharmaceutical%20global%20contract%20outsourcing%20market%20has%20been%20picking%20up%20after%20the%20covid%20pandemic.&text=Some%20of%20the%20examples%20include%20IQVIA's%20AI%2Dbased,to%20apply%20AI%20for%20high%2Dthroughput%20molecular%20testing.

331. https://www.mckinsey.com/featured-insights/sustainable-inclusive-growth/charts/pharmas-rx-for-r-and-d

332. https://www.pharmavoice.com/news/pharma-rd-clinical-trial-iqvia-research/747054/#:~:text=A%20drop%20in%20R&D%20deals,deals%20with%20larger%20companies.

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336. https://www.pharmexec.com/view/2024-pharm-exec-top-50-companies

337. https://www.fiercebiotech.com/special-reports/top-10-pharma-rd-budgets-2024?itm_source=parsely-api

338. https://www.sciencedirect.com/science/article/pii/S135964462400285X#:~:text=Our%20analysis%20revealed%20that%20despite%20recent%20stabilization%2C,sustained%20turnaround%20in%20R&D%20efficiency%20remains%20elusive.&text=The%20incremental%20decline%20in%20R&D%20productivity%20appears,driven%20largely%20by%20increasing%20late%2Dstage%20clinical%20attrition.

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340. https://viseven.com/pharmaceutical-industry-challenges/

341. https://www.contractpharma.com/2023-the-year-of-re-alignment-yet-all-data-points-967523/#:~:text=Emerging%20pharma%20companies%20are%20reassessing,robust%20opportunity%20for%20IPO%20exits.

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343. http://chemanager-online.com/en/news/eli-lilly-completes-acquisition-of-morphic#:~:text=Eli%20Lilly%20has%20completed%20its,the%20companies%20in%20July%202024.

344. https://www.carislifesciences.com/about/news-and-media/caris-life-sciences-announces-partnership-with-merck-kgaa-darmstadt-germany/#:~:text=Under%20the%20terms%20of%20the,billion%20along%20with%20tiered%20royalties.

345. https://www.novartis.com/news/media-releases/novartis-acquire-regulus-therapeutics-and-farabursen-investigational-microrna-inhibitor-treat-adpkd-most-common-genetic-cause-renal-failure

346. https://www.novartis.com/sites/novartiscom/files/q4-2020-media-release-en.pdf

347. https://www.novartis.com/sites/novartiscom/files/novartis-annual-review-2020-en.pdf

348. https://www.novartis.com/investors/financial-data/annual-results

349. https://www.macrotrends.net/stocks/charts/NVS/novartis-ag/revenue#:~:text=Novartis%20AG%20Revenue%202010%2D2025%20%7C%20NVS%20*,was%20$43.461B%2C%20a%2017.81%%20decline%20from%202021.

350. https://www.novartis.com/news/media-releases/novartis-continues-strong-momentum-sales-growth-margin-expansion-reaches-key-innovation-milestones-2024#:~:text=USD%203.6%20billion.-,Full%20year,amounted%20to%20USD%2016.3%20billion.

351. https://www.pharmaceutical-technology.com/news/novartis-fy2023-net-income/#:~:text=Core%20net%20income%20followed%20suit,$42.2bn%20in%20FY%202022.

352. https://www.macrotrends.net/stocks/charts/NVS/novartis-ag/revenue#:~:text=Novartis%20AG%20annual%20revenue%20for%202023%20was%20$46.66B%2C%20a,a%2017.81%25%20decline%20from%202021.

353. https://ir.regulusrx.com/2025-05-08-Regulus-Therapeutics-Reports-First-Quarter-2025-Financial-Results-and-Recent-Updates#:~:text=On%20April%2030%2C%202025%2C%20the,of%20Directors%20of%20both%20companies.

354. https://www.fiercebiotech.com/biotech/novartis-pays-800m-buy-regulus-phase-3-ready-kidney-drug

355. https://www.prnewswire.com/news-releases/regulus-therapeutics-reports-first-quarter-2025-financial-results-and-recent-updates-302449287.html#:~:text=Share%20this%20article,dominant%20polycystic%20kidney%20disease%20(ADPKD)

356. https://www.novartis.com/news/media-releases/novartis-acquire-regulus-therapeutics-and-farabursen-investigational-microrna-inhibitor-treat-adpkd-most-common-genetic-cause-renal-failure

357. https://www.pharmexec.com/view/novartis-acquire-regulus-therapeutics#:~:text=After%20announcing%20successful%20trial%20results,to%20be%20acquired%20by%20Novartis.&text=This%20will%20add%20the%20potential,of%20treatments%20for%20renal%20disease.

358. https://www.reuters.com/business/healthcare-pharmaceuticals/novartis-buy-regulus-therapeutics-up-17-billion-2025-04-30/#:~:text=The%20deal%2C%20expected%20to%20bolster,treat%20a%20rare%20kidney%20disease.

359. https://investor.jazzpharma.com/news-releases/news-release-details/jazz-pharmaceuticals-completes-acquisition-chimerix

360. https://investor.jazzpharma.com/news-releases/news-release-details/jazz-pharmaceuticals-announces-full-year-and-fourth-quarter-2021

361. https://www.macrotrends.net/stocks/charts/JAZZ/jazz-pharmaceuticals/revenue

362. https://www.genengnews.com/topics/cancer/jazz-to-acquire-chimerix-for-935m-expanding-rare-oncology-portfolio/

363. https://www.contractpharma.com/breaking-news/intas-pharmaceuticals-acquires-udenyca-business-from-coherus-biosciences/

364. https://www.vccircle.com/chryscapitalbacked-intas-pharma-strikes-another-overseas-acquisition

365. https://www.fortuneindia.com/rankings/fortune-500/2021

366. https://www.intaspharma.com/financials/

367. https://www.icra.in/Rating/GetRationalReportFilePdf?id=130936

368. https://www.bwhealthcareworld.com/article/india-pharmaceutical-market-reports-75-yoy-revenue-growth-in-march-2025-553428#:~:text=India%20Pharmaceutical%20Market%20Reports%207.5%25%20YoY%20Revenue%20Growth%20In%20March%202025,-BW%20Online%20Bureau&text=India's%20pharmaceutical%20market%20(IPM)%20recorded,Research%20(Ind%2DRa).

369. https://www.contractpharma.com/breaking-news/intas-pharmaceuticals-acquires-udenyca-business-from-coherus-biosciences/

370. https://www.bioprocessintl.com/deal-making/intas-acquires-udenyca-from-coherus-biosciences-in-potential-558-million-deal

371. https://www.americanpharmaceuticalreview.com/1315-News/618801-Accord-BioPharma-Expands-Biosimilar-Portfolio-with-UDENYCA-Acquisition/#:~:text=%22The%20completion%20of%20the%20UDENYCA,Sign%20up%20now!

372. https://www.nature.com/biopharmdeal

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