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Recent M&A Moves in the GLP-1 Landscape The following transactions illustrate the growing M&A momentum in the GLP-1 space: (2023): Roches Acquisition of Carmot Therapeutics Roche paid US$2.7 billion upfront for Carmot, a clinical-stage biotech with a promising portfolio of incretin-based therapies, including dual GLP-1/GIP agonists