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Merck to Acquire Pandion for ~$1.85B

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Merck to Acquire Pandion for ~$1.85B

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  • Merck to acquire all outstanding shares of Pandion for $60/share in cash- representing the equity value of ~$1.85B. The transaction is expected to close in H1’21
  • The acquisition will strengthen Merck’s portfolio with the addition of candidates targeting a broad range of autoimmune diseases
  • Pandion is advancing a pipeline of precision immune modulators targeting critical immune control nodes along with its lead candidate (PT101) intended to treat UC and other autoimmune diseases

 ­ Ref: Businesswire | Image: Merck 

Click here to­ read the full press release 

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