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What will be the revenue generated by Merck's CN201 therapy by December 31, 2026?
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Merck's financial reports or major financial news outlets
Story
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.
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