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Merck to buy Terns Pharmaceuticals for $6.7 billion to boost cancer pipeline
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Merck to buy Terns Pharmaceuticals for $6.7 billion to boost cancer pipeline

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Merck is bulking up its portfolio ahead of its best-selling cancer drug Keytruda losing patent protection in 2028.

Pharma giant Merck is buying U.S. biotech firm Terns Pharmaceuticals for $6.7 billion to boost its oncology pipeline, the company said Wednesday. This is the third multibillion-dollar acquisition for Merck over the past year as the company looks to b... [3024 chars]

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Source: CNBC

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