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Biotech M&A Rumor Tracker 2026
Live tracker of biotech/biopharma rumors in 2026 — target, acquirer, reported deal values, status, updates and sources. Last updated: 04 Feb 2026
Get 2026 biotech M&A rumor updates as they land (free)
The tracker refreshes weekly — the BioBucks newsletter flags new deals and credible rumors daily (in ~5 mins). Read by 2,000+ VC, BD&L, and public biotech investors. No spam. Unsubscribe anytime.
Rumors
IO Biotech ↔ Exploring sale RUMOR 21-Jan-2026
Reported value: N/A | Status: Company-announced strategic review
Report  — company press release (GlobeNewswire via Nasdaq).
Sun Pharma ↔ Organon RUMOR 19-Jan-2026
Reported value: ~US$10B | Status: Reported / exploring; Sun Pharma called reports “speculative”
Report  — plus Sun Pharma clarification carried by Economic Times.
Sanofi ↔ Ocular Therapeutix RUMOR 15-Jan-2026
Reported value: ~$3.4B (~$16/share approach; a higher bid rumored) | Status: Reported / preparing improved bid; no comment
Report  — citing French outlet La Lettre.
Eli Lilly ↔ Abivax RUMOR 12-Jan-2026
Reported value: ~US$17.5B | Status: Reported (French press) / denied (“noise”; no talks) in follow-up coverage
Report  — per Reuters (re: La Lettre); later Reuters follow-up quotes Abivax CEO dismissing the chatter (20-Jan-2026).
Merck (MSD) ↔ Revolution Medicines RUMOR 08-Jan-2026 Updated: 25-Jan-2026
Reported value: US$28B–$32B | Status: Talks cooled / no longer in discussions (price disagreement); WSJ says talks could restart or another suitor could emerge
Initial report  — per Reuters (citing FT). | Update  — per Reuters (via WSJ). | WSJ
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