A Quarterly Report on Financing Trends
24 minute read | April.28.2026
U.S. life sciences deal activity was relatively muted in Q1 of 2026, one of the slowest quarters in the last five years. There were some pockets of resilience, for example new company formation structures have enabled Chinese pharmaceutical companies to access US capital, and AI is enabling a new wave of startup growth and innovation. IPO momentum suggests that public listings could rebound in 2026.
Read Orrick’s Q2 2026 Life Sciences Snapshot for insights on these trends, and what this means for founders navigating an unpredictable exit environment. This issue includes a roundtable focused on “Preparing for an Exit”, a follow-on to an Orrick-hosted panel discussion held April 9th, 2026 at the Cain Brothers MedTech, Life Sciences and Pharma Services CEO Conference in Aspen, Colorado.
Carsten Bernauer
Partner
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Ed Dyson
Partner
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Craig Falls
Partner
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Jake Gatof
Partner
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Gregg Griner
Partner
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Blake Ilstrup
Partner
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Amy Joseph
Partner
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Neel Lilani
Global Head, Tech Clients
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Ed Lukins
Partner
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Gina Marek
Partner
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Angus McQuilken
Business Development Associate Director
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Mike O'Donnell
Partner
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Georgia Ravitz
Partner
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Jeremy Sherer
Partner
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David Schulman
Partner
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Mark Solakian
Partner
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Danielle Tully
Partner
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Gargi Talukder
Partner
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Albert Vanderlaan
Partner
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