ARTICLE | Deals
Weeks after Pandion’s early clinical readout, Merck pays triple-digit premium in $1.9B takeout
At a 134% premium, pharma gains platform to modulate the immune system
February 25, 2021 11:04 PM UTC
An early clinical proof-of-mechanism readout this year helped trigger Merck’s buyout of Pandion for nearly $1.9 billion, giving the pharma a platform with which to modulate the immune system as well as a lead program headed into mid-stage studies in two large indications.
Merck & Co Inc. (NYSE:MRK) gains an immunomodulation platform to develop effector modules that can act systemically or be tethered to tissue-targeting constructs for increased localization...
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