Categories Analysis, Health Care, Markets

Pharma stocks: Merck is on a buying spree

Several merger and acquisition deals are being announced in the healthcare sector, the most recent one being the acquisition of Array Biopharma by Pfizer (NYSE: PFE). Interestingly, Pfizer’s rival Merck & Co. Inc. (NYSE: MRK) has announced quite a number of deals in the past few months. Let’s look at the companies Merck has acquired or is planning to acquire so far this year.

Tilos

Last week, Merck agreed to acquire privately-held biopharma company Tilos Therapeutics for $773 million, including an upfront payment and contingent milestone payments. Tilos develops therapeutics for the treatment of cancer, fibrosis and autoimmune diseases.

Peloton

Last month, Merck announced the acquisition of Peloton Therapeutics Inc., a privately-held clinical-stage biopharma company, for $1.05 billion in an upfront payment along with the payment of an additional $1.15 billion on the achievement of regulatory and sales milestones.

Peloton develops novel small molecule therapeutic candidates for the treatment of cancer and other non-oncology diseases. The transaction is expected to close in the third quarter of 2019.

Antelliq

In April, Merck completed the acquisition of privately-held Antelliq Group for approx. EUR2.1 billion, including debt. Antelliq is now an operating unit within Merck Animal Health. The deal is expected to help complement Merck’s offerings in animal health.

Immune Design

In February, Merck announced its decision to acquire Immune Design for $5.85 per share in cash for a total value of approx. $300 million. This deal gives Merck access to Immune Design’s proprietary technologies GLAAS and ZVex, which help activate the immune system’s natural ability to fight cancer and other chronic diseases.

Looking at the trailing 52 weeks, Merck’s shares have gained 35%. The stock has risen 11% so far this year. Shares were up by over 1% in morning hours on Tuesday.      

Follow our Google News edition to get the latest stock market, earnings and financial news at your fingertips.

Most Popular

AVGO Earnings: All you need to know about Broadcom Q1 2021 earnings results

Broadcom Limited (NASDAQ: AVGO) reported first quarter 2021 earnings results today. Total revenue increased 14% year-over-year to $6.65 billion. GAAP net income was $1.3 billion, or $3.05 per share, compared

Infographic: Costco (COST) Q2 2021 sales up 15%; earnings miss

Retail giant Costco Wholesale Corporation (NASDAQ: COST) reported higher earnings and revenues for the second quarter of 2021. Earnings missed analysts’ expectations, while sales beat. Net profit was $951 million

Will shifting to as-a-service model help Hewlett Packard in emerging stronger from COVID?

With the corporate world rapidly shifting to cloud-native computing after the virus outbreak changed work culture and the way businesses operate, technology providers are aggressively innovating their offerings. Hewlett Packard

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top