{
LaNova Medicines Ltd.

Companies

}
001122334455554433221100
001122334455554433221100

merck acquires chinese cancer antibody in deal worth up to 3.3 billion

Merck & Co. has entered into a deal with LaNova Medicines Ltd. to license an experimental cancer antibody, LM-299, for $588 million upfront, with potential milestone payments reaching up to $2.7 billion. This agreement enhances Merck's focus on dual-targeted antibodies, providing exclusive global rights to the bispecific antibody that targets cancer through multiple mechanisms.
bloomberg.com
United States Dollar Merck & Co., Inc. LaNova Medicines Ltd. CHN
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