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Kelun-Biotech Signs $9.5 Billion Deal with Merck for Seven ADC Candidates

publication date: Dec 22, 2022

Sichuan Kelun-Biotech will partner seven preclinical antibody-drug conjugate assets with Merck in a deal that pays Kelun-Biotech $175 million upfront and up to $9.3 billion in milestones. It is the third ADC deal between the two companies this year. In May, Kelun-Biotech out-licensed a TROP-2 ADC for $1.3 billion ($47 million upfront) and then, two months later, sold rights for two ADCs in a $936 million deal ($35 million upfront). Altogether, that totals around $12.7 billion overall with $257 million upfront. Also, Merck made an investment of undisclosed size in Kelun-Biotech as part of the latest agreement. More details....

Stock Symbol: (NYSE: MRK)

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