Reportedly, Merck & Co., Inc. (MRK) is in advanced talks to acquire drugmaker Cambridge, Massachusetts-based, Acceleron Pharma Inc (XLRN) . Acceleron is focused on the discovery, development, and commercialization of therapeutics to treat blood-related disorders.
As per a Bloomberg report, Acceleron was in talks to be acquired for more than $11 billion. It was earlier reported that several drugmakers including Bristol-Myers Squibb Co, Merck’s rival that owns 11.5% of Acceleron’s stock, were viewed as potential suitors. Acceleron currently earns royalties from sales of a drug to treat two blood-related disorders, Reblozyl and is developing another treatment for a type of high blood pressure that affects the lungs.
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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