Towards Healthcare

Head & Neck Cancer Therapeutics Companies and Mergers and Acquisitions (M&A)

Date : 07 November 2025

Learn About the Major Players in the Head & Neck Cancer Therapeutics Market

Advanced Therapeutics: How Are They Transforming the Market?

The head & neck cancer therapeutics market covers approved and late-stage pharmaceutical and biologic treatments used to manage malignancies arising in the oral cavity, pharynx, larynx, nasal cavity & paranasal sinuses, salivary glands, and related sites. Scope includes systemic therapies (chemotherapy, targeted small molecules, monoclonal antibodies, antibody-drug conjugates, immune checkpoint inhibitors, targeted synthetic agents), loco-regional systemic adjuncts (neoadjuvant/adjuvant), biologic modalities (cell therapies, oncolytic viruses), supportive oncology medicines and delivery formats (IV/infusion, oral targeted agents, intratumoral). The market serves surgical and radiation oncology pathways (combined modality) and late-line/metastatic disease management. 

Market Growth

The global head & neck cancer therapeutics market size is calculated at US$ 2.65 billion in 2025, grew to US$ 2.97 billion in 2026, and is projected to reach around US$ 8.14 billion by 2035. The market is expanding at a CAGR of 11.87% between 2026 and 2035.

Head & Neck Cancer Therapeutics Companies Outlook:

  • Major Investor: In January 2025, Eli Lilly made an agreement to acquire Scorpion Therapeutics' mutant-selective PI3Kα inhibitor program for up to $2.5 billion. 
  • Startup Ecosystem: In December 2024, Tasca Therapeutics launched with Series A funding for creating small-molecule cancer treatments.

Regional Companies Insights:

North America:

  • In July 2025, CEL-SCI Corporation signed an agreement with one of Saudi Arabia’s premier pharmaceutical and healthcare companies to expand regulatory and commercial activities for Multikine (Leukocyte Interleukin, Injection) in the Kingdom of Saudi Arabia.
  • In September 2025, Genmab agreed to acquire Merus for nearly $8 billion, which is intended to foster the buyer’s late-stage pipeline of cancer treatments with a late-stage bispecific antibody lead asset.

Asia Pacific (China):

  • In September 2025, Summit Therapeutics Inc. revealed data from the Phase III HARMONi-6 trial, promoting Ivonescimab combined with chemotherapy vs. Tislelizumab plus chemotherapy in 1L treatment of patients with squamous NSCLC.

Europe (German):

  • In August 2025, Haystack Oncology, a Quest Diagnostics company, collaborated with Mass General Brigham investigators to study the use of Haystack MRD, a highly sensitive circulating tumour DNA (ctDNA) minimal residual disease test, used in cutaneous squamous cell carcinoma (CSCC), and HPV-independent head and neck squamous cell carcinoma (HNSCC).

Leading Vendor in the Head & Neck Cancer Therapeutics Market

  • Novartis
  • Eli Lilly & Company
  • Johnson & Johnson (Janssen)
  • Amgen
  • Sanofi
  • Takeda Pharmaceutical Company 
  • Seagen (Seattle Genetics)
  • Regeneron Pharmaceuticals
  • Gilead Sciences (incl. CAR-T / cell therapy interests)
  • BeiGene

Company Landscape

Merck & Co., Inc. (known as Merck Sharp & Dohme or MSD outside the U.S. and Canada)

Company Overview:

  • A global pharmaceutical giant focused on discovering, developing, manufacturing, and marketing a wide range of human and animal health products, including prescription drugs, biologic therapies, and vaccines.
  • Strong global leader in oncology, particularly with its foundational immunotherapy drug.

Corporate Information:

  • Headquarters: Rahway, New Jersey, United States
  • Year Founded: 1891 (as Merck & Co.)
  • Ownership Type: Public (NYSE: MRK)

History and Background:

  • Originated as the American subsidiary of the German company Merck KGaA, but was separated and nationalized by the U.S. government during World War I.
  • Has a long history of developing breakthrough medicines, including the first successful mumps vaccine and a significant portfolio of anti-infective and cardiovascular drugs.

Key Milestones/Timeline:

  • 1985: Launches the first-in-class cholesterol-lowering drug, Mevacor.
  • 2014: FDA approves Keytruda (pembrolizumab), its flagship PD-1 inhibitor, which became central to its oncology strategy.
  • 2019: Keytruda receives first-line approval for recurrent/metastatic head and neck squamous cell carcinoma (HNSCC).
  • 2024 (Late): Expected completion of the acquisition of a specific asset from another major player, further bolstering its oncology pipeline.

Business Overview:

  • Operates as a science-led healthcare company with a focus on oncology, vaccines, infectious diseases, and animal health.
  • The oncology division is a primary revenue driver, anchored by Keytruda.

Business Segments/Divisions:

  • Pharmaceutical (Human Health): Prescription medicines and vaccines (largest segment).
  • Animal Health: Veterinary pharmaceuticals and vaccines.

Geographic Presence:

  • Extensive global presence, operating in over 140 countries.
  • Key markets include the United States, Europe, and Asia Pacific.

Key Offerings:

  • Keytruda (pembrolizumab): Anti-PD-1 therapy, a cornerstone in the treatment of recurrent/metastatic HNSCC (first-line and progression setting).
  • Lenvima (lenvatinib): Multi-kinase inhibitor, co-developed with Eisai (used in combination for various cancers).

End-Use Industries Served:

  • Hospitals and Medical Centers
  • Specialty Clinics and Cancer Centers
  • Retail and Specialty Pharmacies
  • Government Agencies (for vaccine and public health programs)

Key Developments and Strategic Initiatives:

Mergers & Acquisitions:

  • Completed the acquisition of Prometheus Biosciences in 2023 for $$10.8$ billion to strengthen its immunology pipeline.
  • Actively seeking to expand its pipeline with strategic, targeted acquisitions.

Partnerships & Collaborations:

  • Continues a key global collaboration with AstraZeneca for the oncology drug Lynparza (olaparib).
  • Major collaboration with Moderna on a personalized mRNA cancer vaccine (mRNA-4157/V940) in combination with Keytruda, with ongoing trials in HNSCC.

Product Launches/Innovations:

Ongoing clinical studies (Phase 3) for Keytruda in various combinations for head and neck cancer, aiming to solidify its first-line dominance.

Capacity Expansions/Investments:

Investing billions in new manufacturing and R&D facilities to support the long-term supply of its key products like Keytruda.

Regulatory Approvals:

Keytruda has received numerous expanded approvals globally in 2024 and 2025 across multiple cancer types, including label updates for combination therapies in HNSCC.

Distribution channel strategy:

Primarily relies on a Specialty Pharmacy and Hospital Pharmacy distribution model due to the high cost and complex administration (intravenous infusion) of its oncology biologics.

Technological Capabilities/R&D Focus:

  • R&D Focus: Next-generation oncology, including Antibody-Drug Conjugates (ADCs), personalized cancer vaccines (mRNA technology), and novel T-cell engagers.
  • Research & Development Infrastructure: Global R&D network with significant investment (R&D spending was over $13.5 billion in 2024).

Competitive Positioning:

  • Strengths & Differentiators: Global market leader in PD-1 inhibitors with Keytruda's extensive approved indications, deep pipeline, and robust financial stability.
  • Market presence & ecosystem role: A dominant force in immuno-oncology, setting the standard of care for numerous solid tumors, including HNSCC.

SWOT Analysis:

  • Strengths: Blockbuster drug Keytruda; strong financial position; large and diversified R&D pipeline.
  • Weaknesses: High dependence on Keytruda for revenue; upcoming patent expiration challenges for Keytruda.
  • Opportunities: Personalized medicine; ADCs; combination therapies; expansion into emerging markets.
  • Threats: Increased competition from biosimilars post-Keytruda patent expiration; clinical trial failures.

Recent News and Updates:

  • Press Releases (2025): Announced positive Phase 3 results for a Keytruda combination in another indication (not HNSCC), underscoring its broad efficacy portfolio (Q3 2025).
  • Industry Recognitions/Awards: Frequently recognized as a top R&D investor in the pharmaceutical sector.

Bristol Myers Squibb Company (BMS)

Company Overview:

  • A leading global biopharmaceutical company dedicated to discovering, developing, and delivering innovative medicines that help patients prevail over serious diseases.
  • A powerhouse in oncology, immunology, and hematology, largely due to its foundational immunotherapy and major acquisitions.

Corporate Information:

  • Headquarters: Princeton, New Jersey, United States
  • Year Founded: 1887 (Bristol-Myers Company) / 1989 (Merger of Bristol-Myers and Squibb)
  • Ownership Type: Public (NYSE: BMY)

History and Background:

  • Formed from the merger of Bristol-Myers and Squibb in 1989. E.R. Squibb & Sons was founded in 1858.
  • Historically a leader in antibiotics, the company transformed its focus heavily toward specialty medicines, particularly oncology, following the successful launch of its key immunotherapy and the acquisition of Celgene.

Key Milestones/Timeline:

  • 2014: FDA approves Opdivo (nivolumab), its anti-PD-1 therapy, shortly after Merck's Keytruda, establishing its strong position in immuno-oncology.
  • 2016: Opdivo approved for recurrent/metastatic HNSCC following platinum-based therapy.
  • 2019: Completes the landmark acquisition of Celgene for approximately $$74$ billion, significantly broadening its oncology and hematology portfolio (Revlimid, Pomalyst).

Business Overview:

  • Focuses on serious diseases across four therapeutic areas: Oncology, Hematology, Immunology, and Cardiovascular.
  • The oncology franchise remains central, combining the power of checkpoint inhibitors and targeted therapies.

Business Segments/Divisions:

  • Primary focus is Biopharmaceuticals, with major franchises in:
    • Oncology
    • Hematology
    • Immunology and Cardiovascular

Geographic Presence:

  • Sells products globally, with significant revenue generated in the United States.
  • Established operations across Europe, Asia-Pacific, Latin America, and other regions.

Key Offerings:

  • Opdivo (nivolumab): Anti-PD-1 therapy, a primary treatment for recurrent/metastatic HNSCC.
  • Yervoy (ipilimumab): Anti-CTLA-4 antibody, often used in combination with Opdivo for synergistic immune response in various cancers.
  • Erbitux (cetuximab): Anti-EGFR monoclonal antibody (key targeted therapy for HNSCC, acquired from ImClone).

End-Use Industries Served:

  • Hospitals, Outpatient Clinics, and Infusion Centers
  • Specialty and Retail Pharmacies
  • Government and Health Organizations

Key Developments and Strategic Initiatives:

  • Mergers & Acquisitions:
    • Closed the acquisition of Karuna Therapeutics in Q1 2024 for approximately $$14$ billion to strengthen its Neuroscience pipeline.
    • Completed the acquisition of Mirati Therapeutics in Q1 2024 for approximately $$4.8$ billion, adding a commercial KRAS-inhibitor, Krazati, to its oncology portfolio.
  • Partnerships & Collaborations:
    • Engaged in multiple collaborations for its immunotherapy platform, including combinations with novel agents in HNSCC clinical trials.
    • Ongoing co-development and commercialization of the anticoagulant Eliquis (apixaban) with Pfizer.
  • Product Launches/Innovations:

Focusing on advancing a subcutaneous formulation of Opdivo (nivolumab) in 2024/2025 to offer greater patient convenience and potentially maintain market share against biosimilar erosion.

Capacity Expansions/Investments:

Continuing major investments in its oncology and cell therapy manufacturing capabilities globally.

Regulatory Approvals:

Received multiple key FDA and EMA approvals in 2024 and 2025 across its portfolio, including expanded use of Opdivo in combination regimens for various solid tumors.

Distribution channel strategy:

Leverages a sophisticated Specialty Distribution network to manage the distribution of its complex biologic therapies (injectables/infusions) and high-value oral specialty drugs (from the Celgene acquisition).

Technological Capabilities/R&D Focus:

  • R&D Focus: Immuno-oncology, T-cell therapies (through its cell therapy unit), protein degradation, and next-generation targeted therapies.
  • Core Technologies/Patents: Holds key patents around the PD-1 (Opdivo) and CTLA-4 (Yervoy) mechanisms, driving its competitive edge.
  • Innovation Focus Areas: Developing novel combination strategies using Opdivo/Yervoy with targeted therapies and other immune modulators to treat patients with head and neck cancer who have not responded to prior treatment.

Competitive Positioning:

  • Strengths & Differentiators: Robust, proven immuno-oncology backbone (Opdivo/Yervoy); diversified portfolio following key acquisitions; strong presence in hematology.
  • Market presence & ecosystem role: A co-leader in the immuno-oncology space, heavily influential in setting treatment guidelines for advanced solid tumors and hematologic malignancies.

SWOT Analysis:

  • Strengths: Dominant position in I-O with Opdivo/Yervoy; highly diversified and deep late-stage pipeline; strong global commercial presence.
  • Weaknesses: Facing patent cliffs for key assets like Revlimid; less established in the earlier-stage HNSCC market compared to its competitor.
  • Opportunities: Subcutaneous formulation of Opdivo; leveraging the Mirati acquisition for targeted oncology; cell therapy expansion.
  • Threats: Intense competition from other PD-1/PD-L1 inhibitors (Keytruda, Tecentriq); pricing pressures; biosimilar entry.

Recent News and Updates:

  • Press Releases (2025): Highlighted a successful Phase 3 trial update for Opdivo combination therapy in a different solid tumor, showcasing its broad therapeutic potential (Q2 2025).
  • Industry Recognitions/Awards: Consistently recognized as a global top employer in the biopharma industry for its commitment to science and patient advocacy.

Key Companies and Their contributions and offerings

  • Merck & Co.- In 2025, it received approval for a perioperative treatment regimen using its blockbuster immunotherapy, Keytruda (pembrolizumab), for resectable locally advanced head and neck squamous cell carcinoma (LA-HNSCC).
  • Bristol-Myers Squibb- In 2025, received the FDA approval for a subcutaneous (SC) injectable version of nivolumab used in HNSCC.
  • Roche/Genentech- It is focusing on the study of the immunotherapy combination of atezolizumab (Tecentriq) and tiragolumab in clinical trials.
  • AstraZeneca- It is exploring a sub-study for evaluating volrustomig as a monotherapy in HNSCC patients, with data predicted in the second half of 2026.
  • Pfizer- A company is leveraging developments in the sigvotatug vedotin (SV) and PDL1V (PF-08046054).

The Market Value China Analysis

R&D

This encompasses usual research stages, i.e., from target detection, preclinical studies, clinical studies, and finally regulatory approval processes.

Key Players: Adaptimmune, Galectin Therapeutics, AVEO Pharmaceuticals, etc.

Clinical Trials & Regulatory Approvals

Phases I to IV are widely involved in investigating various therapeutic approaches, like chemotherapy, radiation therapy, immunotherapy, and targeted therapy, often in combination with each other. 

Key Players: Catalysis SL, Charité University, Berlin, Germany, Stanford University, etc.

Patient Support & Services

The head & neck cancer therapeutics market mainly comprises comprehensive rehabilitation and support, including speech and swallowing therapy, dental care, physiotherapy, nutritional support, and prosthetic services.

Key Players:  Merck, Bristol-Myers Squibb, AstraZeneca, etc.

What are the Recent Developments in the Head and Neck Cancer Therapeutics Market?

  • In October 2025, Bicara Therapeutics Inc., a clinical-stage biopharmaceutical company, received the U.S. Food and Drug Administration (FDA) grant for Breakthrough Therapy Designation (BTD) to ficerafusp alfa in combination with pembrolizumab for the first-line (1L) treatment of patients with head and neck squamous cell carcinoma (HNSCC).
  • In April 2025, Akeso, Inc. received the US FDA approval for its differentiated PD-1 monoclonal antibody, penpulimab-kcqx, in combination with cisplatin or carboplatin and gemcitabine for adult recurrent or metastatic non-keratinizing nasopharyngeal carcinoma (NPC).

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