"Only 66 healthcare deals have been announced in the first couple of weeks of 2023, compared with 247 during the same period last year — the worst record in 20 years, according to Refinitiv data. Overall deal value is down 27 per cent to $4.9bn."

https://www.ft.com/content/325b75d9-5148-4635-b9c2-63244fa74936