Pharma BD Deal Intelligence

Bristol-Myers Squibb Company / Karuna Therapeutics

2023 · Acquisition/Merger · $14.0B · Complete

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Top 25 largest deals of the 2020s

Ranks computed across 828 graded deals (Critic + Outcome Score both present).

The coverage arc

Mar 01, 2004 Wikipedia Neutral

BMS acquired Karuna Therapeutics for $14B for schizophrenia treatment KarXT.

Dec 22, 2023 CNBC Bullish

Karuna Therapeutics surges 47% after Bristol Myers Squibb announces $14 billion deal. The centerpiece of the acquisition is KarXT, an antipsychotic with a…

Apr 22, 2025 Bristol Myers Squibb Bearish

ARISE Phase 3 (adjunctive Cobenfy to atypical antipsychotics) missed primary endpoint: 2.0-pt PANSS reduction vs placebo, p=0.11 (not significant). Tempers the…

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BMS acquired Karuna Therapeutics for $14B for schizophrenia treatment KarXT.

Key facts

Related deals — scored

DealYearValueOutcome
Bristol-Myers Squibb Company / Karuna Therapeutics (this deal)2023$14.0B76
Bristol-Myers Squibb Company / Medarex Inc.2009$2.4B92
Bristol-Myers Squibb Company / Celgene Corporation2019$74.0B77
Bristol-Myers Squibb Company / MyoKardia Inc.2020$13.1B76
Bristol-Myers Squibb Company / Ono Pharmaceutical Co., Ltd.201176
Bristol-Myers Squibb Company / SystImmune Inc.2023$8.4B71
Bristol-Myers Squibb Company / Turning Point Therapeutics Inc.2022$4.1B70

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