Merck in talks to acquire respiratory drugmaker Verona Pharma: Report
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Bengaluru: Merck is reportedly in talks to acquire lung disease-focused biotech Verona Pharma in a deal worth nearly USD 10 billion, the Financial Times reported on Wednesday, citing sources close to the matter.
The pharmaceutical giant is expected to pay USD 107 per American Depositary Share (ADS) for Verona, as per Reuters.
Merck has relied on its best-seller Keytruda, which had nearly $30 billion in sales in 2024, to fuel its growth for years but the drug's patents will begin to expire in 2028. In response to that, the company has embarked on a spree of deals to diversify revenue streams.
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