Breaking News

Merck Acquires OncoImmune for $425M

Acquisition adds to Merck’s suite of clinical programs in response to SARS-CoV-2/COVID-19.

By: Contract Pharma

Contract Pharma Staff

Merck has acquired the clinical-stage biopharma company Oncolmmune for $425 million.   OncoImmune recently announced positive top-line findings from an interim efficacy analysis of a Phase 3 study evaluating its lead therapeutic candidate CD24Fc for the treatment of patients with severe and critical COVID-19.   “Meaningful new therapeutic options are desperately needed for possibly millions of people around the world who will develop severe or critical COVID-19 disease,” said Roger Perlmutter, p...

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters