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Merck will have rights to develop, manufacture and commercialize Bavencio.
March 27, 2023
By: Anthony Vecchione
Merck KGaA is regaining exclusive worldwide rights to develop, manufacture, and commercialize anti-programmed death ligand-1 (PD-L1) antibody Bavencio (avelumab) following the termination of its alliance agreement with Pfizer. Effective June 30, 2023, Merck KGaA, through its affiliate Ares Trading S.A., will take full control of the global commercialization of Bavencio. The current profit share will be replaced by a 15% royalty to Pfizer on sales of Bavencio. Merck KGaA and Pfizer will contin...
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