Merck to Acquire CN201 Therapy from Curon for $700M, Plus Earnouts

Aug 9, 2024, 10:55 AM

Merck has announced its acquisition of the investigational B-cell depletion therapy CN201 from Curon Biopharmaceutical. The deal includes an upfront payment of $700 million in cash, with potential earnouts of up to $600 million. This acquisition is part of Merck's strategy to expand its pipeline, particularly in the areas of B-cell malignancies and autoimmune diseases. The therapy, described as a novel investigational bispecific antibody, is expected to enhance Merck's offerings in these therapeutic areas.