Merck Purchases Biotech Firm Afferent

Merck

Merck has announced the purchase of biotechnology firm Afferent Pharmaceuticals. The deal was completed with a $500 million upfront payment, and further milestones could lead to additional payments of up to $750 million. Afferent has a focus on neurogenic conditions, and is targeting the P2X3 receptor.

Read the source article at The Wall Street Journal

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