# Pharma Is Buying AI Board Seats. The Real Deal Is What Theyre Actually Buying. - Date: 2026-04-19 - Category: Biotech & Life Sciences Pharma has spent billions on AI partnerships and acquisitions. But the most strategically interesting deal structure is not in any M&A filing — it is the board seat. Minority stake, a seat at the table, first look at programs before they mature. ---