Dr. Dean Li, senior VP, discovery and translational medicine, Merck stated, “Tilos has developed a compelling portfolio of candidates that employ a novel approach to modulating the potent signaling molecule TGFβ by binding to latency-associated peptide, with potential applications across a range of disease indications.”It was reported that Merck will be buying all outstanding shares of Tilos through a subsidiary for approximately $773 million in an upfront payment including contingent milestone payments, as per the terms of the agreement.
Dr. Barbara Fox, CEO, Tilos stated “This agreement with Merck, an industry leader in biopharmaceutical research and development, provide meaningful validation for our therapeutic approach and best positions our pipeline for broad clinical and commercial success.” as reported.To learn more about Merck (MRK) and to track its ongoing progress please visit the Vista Partners Merck Coverage Page. If you found this story interesting you should consider reading about Seattle-based Atossa Genetics (Nasdaq: ATOS) which is is a clinical-stage drug company developing novel, proprietary therapeutics and delivery methods for breast cancer and other breast conditions. To learn more please see the Atossa dedicated coverage page at Vista Partners.
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