Merck boosts cancer portfolio with $6.7 billion buyout of Terns Pharma-March 2024-www.financetom.com

Merck boosts cancer portfolio with $6.7 billion buyout of Terns Pharma

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Merck boosts cancer portfolio with $6.7 billion buyout of Terns Pharma

Mar 25, 2026 4:05 AM

March 25 (Reuters) - Merck ( MRK ) said on Wednesday it

would buy biotech Terns Pharma in a deal valued at up

to $6.7 billion, as the drugmaker races to bolster its cancer

pipeline ahead of the looming patent loss for its blockbuster

therapy Keytruda.

(Reporting by Siddhi Mahatole in Bengaluru; Editing by Sriraj

Kalluvila)

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