Merck close to sealing USD 1.3 billion cash deal for Eyebiotech: Report
Written By : Ruchika Sharma
Medically Reviewed By : Dr. Kamal Kant Kohli
Published On 2024-05-29 04:45 GMT | Update On 2024-05-29 10:12 GMT
Advertisement
London: Merck & Co is close to finalizing a cash acquisition deal worth $1.3 billion for Eyebiotech, a biotechnology company specializing in ophthalmology. This agreement includes potential milestone payments that could add up to an extra $1.7 billion, according to a report by the Wall Street Journal on Tuesday.
The deal could be announced as early as Wednesday, the report said, citing people familiar with the matter.
Our comments section is governed by our Comments Policy . By posting comments at Medical Dialogues you automatically agree with our Comments Policy , Terms And Conditions and Privacy Policy .
Disclaimer: This website is primarily for healthcare professionals. The content here does not replace medical advice and should not be used as medical, diagnostic, endorsement, treatment, or prescription advice. Medical science evolves rapidly, and we strive to keep our information current. If you find any discrepancies, please contact us at corrections@medicaldialogues.in. Read our Correction Policy here. Nothing here should be used as a substitute for medical advice, diagnosis, or treatment. We do not endorse any healthcare advice that contradicts a physician's guidance. Use of this site is subject to our Terms of Use, Privacy Policy, and Advertisement Policy. For more details, read our Full Disclaimer here.
NOTE: Join us in combating medical misinformation. If you encounter a questionable health, medical, or medical education claim, email us at factcheck@medicaldialogues.in for evaluation.