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MRK Merck and Co Inc

132.00
3.34 (2.60%)
16 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Merck and Co Inc NYSE:MRK NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  3.34 2.60% 132.00 131.965 128.63 128.66 7,236,513 00:58:07

Merck to Buy Tilos Therapeutics for Up to $773 Million

10/06/2019 12:37pm

Dow Jones News


Merck (NYSE:MRK)
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By Colin Kellaher

 

Merck & Co. (MRK) on Monday said it agreed to buy Tilos Therapeutics, a privately held biopharmaceutical company developing therapeutics for the treatment of cancer, fibrosis and autoimmune diseases, for up to $773 million.

The Kenilworth, N.J., drug maker said the figure includes an upfront payment and contingent milestone payments.

Merck said Tilos is developing therapeutics targeting TGF<BETA>, a potent cytokine believed to play an important role in the development of cancer and fibrotic diseases.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

June 10, 2019 07:22 ET (11:22 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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