ARTICLE | Company News
Merck acquires cancer play Rigontec
September 8, 2017 8:19 PM UTC
Merck & Co. Inc. (NYSE:MRK) is acquiring immuno-oncology company Rigontec GmbH (Munich, Germany). Rigontec will receive €115 million ($136.8 million) in cash up front and is eligible for up to €349 million ($415.2 million) in milestones. The deal is expected to close in about four weeks.
Rigontec raised €29.3 million ($32.7 million) in a series A, which closed about a year ago (see BioCentury, Sept. 12, 2016). ...
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