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Merck Announced the Acquisition of Cancer-Drug Developer ArQule For $2.7B

By John F. Heerdink, Jr.

Merck & Co., Inc.  (MRK) is a global healthcare solutions provider that has been working towards bringing forward medicine and vaccines for some of the world’s most challenging diseases for more than a century.  They are committed to increasing health care access and continue to be at the leading edge of research. Merck has the industry’s largest immuno-oncology clinical research program.

Merck continued on its significant M&A path recently and confirmed that it will buy ArQule Inc. (ARQL) for $2.7B. This is will add the drug developer’s experimental blood cancer therapy which targets genetic mutations, a potential alternative to chemotherapy and its adverse side effects. Merck offered $20/share, much more than ArQule’s closing price last week.

Roger Perlmutter, president of Merck Research Laboratories informed ArQule’s focus on precision medicine has resulted in multiple oral kinase inhibitors, rugs inhibiting cancer-causing proteins, that have “novel and important properties”.

Currently, Merck’s Keytruda, which treats numerous types of cancer, is the company’s highest growth driver. Also, Merck is relying heavily on its existing and upcoming deals with Peloton Therapeutics for $1.05 billion in cash and Tilos Therapeutics for up to $773 million.

The deal is expected to close early in the first quarter of 2020.

To learn more about Merck (MRK) and to track its ongoing progress please visit the Vista Partners Merck Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website:www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: UPDATE 3-Merck pushes deeper into targeted cancer therapy with $2.7 bln ArQule deal in Reuters)


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