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

ReutersMar 25, 2026 10:48 AM

March 25 (Reuters) - Merck MRK.N said on Wednesday it would buy biotech Terns Pharma TERN.O 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.

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