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Merck Acquires IOmet Pharma, a privately-held UK-based drug discovery company focused on the development of innovative medicines for the treatment of cancer, with a particular emphasis on the fields of cancer immunotherapy and metabolism

Source Link:: http://www.mercknewsroom.com/news-release/oncology-newsroom/merck-acquires-iomet-pharma-and-expands-immuno-oncology-development-p

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Additional Information

Management Comment “The acquisition of IOmet is a further example of Merck’s commitment to fully realizing the potential of this rapidly evolving field through our existing innovative portfolio as well as the acquisition of promising immunotherapeutic candidates.” “Merck’s leadership in immuno-oncology and expertise in development combined with the potential of our IDO1 and TDO programs creates significant opportunity for us to advance the treatment of cancer,” said Alan Wise, Ph.D., CEO, IOmet.

http://www.mercknews...

Additional Relevant Details Financial terms of the acquisition were not disclosed.

http://www.mercknews...

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Catalyst Date

Occurred on:

Jan 11, 2016

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Related Keywords Acquisition, Transaction, Drug Discovery, Metastatic Non-small Cell Lung Cancer, Cancer Immunotherapy Platform, Metabolism