in

Merck in advanced talks to buy Acceleron Pharma for $11 billion

Cambridge, MA, September 27 2021(Reuters) – Merck & Co (MRK.N) is in advanced talks to acquire drugmaker Acceleron Pharma Inc (XLRN.O), the Wall Street Journal reported on Monday, citing people familiar with the matter.

A potential deal could help Merck, which sells the blockbuster cancer drug Keytruda, to add drugs for rare diseases to its pipeline.

Cambridge, Massachusetts-based Acceleron focuses on the discovery, development and commercialization of therapeutics to treat blood-related disorders. It had a market capitalization of $10.89 billion, as of its last close.

A Bloomberg report on Friday said Acceleron was in talks to be acquired for more than $11 billion. Bloomberg had reported that several drugmakers including Merck’s rival Bristol-Myers Squibb Co (BMY.N), which owns 11.5% of Acceleron’s stock, were seen as potential suitors.

Source: https://www.reuters.com/business/healthcare-pharmaceuticals/merck-advanced-talks-buy-acceleron-pharma-wsj-2021-09-27/

Headlines

Precision BioSciences Appoints Michael Amoroso Chief Executive Officer

Headlines

Fusion Pharmaceuticals Appoints Mohit Rawat as President and Chief Business Officer