29.05.2024 04:09:38 - dpa-AFX: Merck Nears $1.3 Bln Cash Deal To Buy EyeBio, With Potential $1.7 Bln In Milestone Payments : Report
KENILWORTH (NJ) (dpa-AFX) - Merck & Co., Inc. (MRK) is nearing an agreement
to buy a privately held ophthalmology biotechnology company Eyebiotech for $1.3
billion in cash, the Wall Street Journal reported citing people familiar with
the matter.
According to the report, Merck could make an additional $1.7 billion in
milestone payments for EyeBio. The deal could be announced as early as
Wednesday. Merck's venture arm was an investor in EyeBio.
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