Merck closes $10.8B deal with Prometheus
Merck closed its $10.8 billion acquisition of Prometheus Biosciences, setting the stage for the drugmaker’s pursuit of an immunology blockbuster.
In a news release on Friday, the company said Prometheus will now operate as a wholly-owned subsidiary. Its lead candidate, which is being tested as a treatment for ulcerative colitis and Crohn’s disease, has been renamed MK-7240. It’s the addition of this therapy that firmly moves the company into immunology, an area where Merck hasn’t had a major presence.
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