BioCentury
ARTICLE | Deals

Daiichi draws more value from its ADC pipeline via $4B deal with Merck

In wake of AstraZeneca deals, Japanese pharma partners three more ADC candidates, this time in a Merck transaction worth up to $22B

October 20, 2023 9:17 PM UTC

Daiichi Sankyo’s decision to center its development plan around a pipeline of ADCs has again delivered value to the pharma, this time in the form of a deal with Merck that brings in $4 billion up front for most global rights to three clinical products.

The upfront payment is the largest ever for a licensing deal, according to BioCentury’s BCIQ database. Daiichi Sankyo Co. Ltd. (Tokyo:4568) is also eligible for $1.5 billion in near-term payments due within two years, as well as $16.5 billion in sales milestones split equally among the three antibody-drug conjugates, adding up to a total deal value of $22 billion...

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