Reportedly, Merck & Co., Inc. (MRK) is in advanced talks to buy cancer-focused biotech company Seagen Inc. (SGEN) for roughly $40 billion or more. The companies are discussing a price above $200 a share for Seagen. Both the parties are seeking to seal a deal on or before the announcement of Merck’s second-quarter earnings on July 28.
The deal talks come when many big corporate deals have been shelved this year due to a slowdown in equity markets hurting the company valuations while increasing borrowing costs making deal financing costlier and harder to access.
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. To learn more about Merck (MRK) and to track its ongoing progress please visit the Vista Partners Merck Coverage Page.
If you liked this story please consider, visiting the Atossa Therapeutics (ATOS) dedicated page at Vista Partners to learn about the Seattle-based biotech firm’s work towards finding therapeutic treatments for Breast Cancer and the Coronavirus.
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