BRIEF-Merck To Acquire Investigational B-Cell Depletion Therapy, CN201, From Curon Biopharmaceutical-March 2024-www.financetom.com

BRIEF-Merck To Acquire Investigational B-Cell Depletion Therapy, CN201, From Curon Biopharmaceutical

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BRIEF-Merck To Acquire Investigational B-Cell Depletion Therapy, CN201, From Curon Biopharmaceutical

Aug 9, 2024 4:27 AM

Aug 9 (Reuters) - Merck & Co Inc ( MRK ):

* MERCK TO ACQUIRE INVESTIGATIONAL B-CELL DEPLETION THERAPY,

CN201, FROM CURON BIOPHARMACEUTICAL

* MERCK & CO INC ( MRK ) - PAYS $700M UPFRONT FOR CN201

* MERCK & CO INC ( MRK ) - CURON ELIGIBLE FOR $600M MILESTONE

PAYMENTS

* MERCK & CO INC ( MRK ) - EXPECTS TO RECORD A PRE-TAX CHARGE OF

APPROXIMATELY $750 MILLION

* MERCK & CO INC ( MRK ) - TO UPDATE FINANCIAL OUTLOOK IN Q3 2024

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