Merck agreed to acquire clinical-stage oncology company Terns Pharmaceuticals for $53.00 per share in cash under a definitive agreement. The deal strengthens Merck's oncology pipeline and is directly positive for Terns shareholders while representing a strategic M&A move in the biotech sector.
Merck agreed to acquire clinical-stage oncology company Terns Pharmaceuticals for $53.00 per share in cash under a definitive agreement. The deal strengthens Merck's oncology pipeline and is directly positive for Terns shareholders while representing a strategic M&A move in the biotech sector.
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