Merck Signs Exclusive Global License Agreement With SciBrunch Therapeutics For SPR2015, An Investigational Preclinical Oral KRAS G12D Inhibitor, For $400M Up Front Plus Payments; Company To Record Pre-Tax Charge Of $0.13 Per Share In Q3
Under the agreement, SciBrunch has granted Merck exclusive rights to develop, manufacture and commercialize SPR2015 worldwide. SciBrunch will receive an upfront payment of $400 million and is eligible to receive
Merck bought the rights to a new experimental medicine for $400 million. This is a big bet on a drug that could help fight cancer.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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