Strategic Initiative

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Merk (MRK) is set to acquire ArQule (ARQL) at $20 per share in cash for an approximate total equity value of $2.7 billion

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Impact on Stocks
MRK

100%
ARQL

100%

Additional Information

Additional Relevant Details ArQule is a publicly traded biopharmaceutical company focused on kinase inhibitor discovery and development for the treatment of patients with cancer and other diseases. ArQule’s lead investigational candidate, ARQ 531, is a novel, oral Bruton’s tyrosine kinase (BTK) inhibitor currently in a Phase 2 dose expansion study for the treatment of B-cell malignancies. BTK inhibition has been shown to prevent B-cell receptor signaling that is critical for the survival and proliferation of leukemic cells in many B-cell malignancies. ARQ 531 is a highly selective, reversible inhibitor that blocks both wild-type BTK and the C481S mutant form of the enzyme that is commonly associated with resistance to other BTK inhibitors. In early clinical trials, ARQ 531 demonstrated a manageable safety profile and early signs of anti-tumor activity for the treatment of patients with relapsed or refractory chronic lymphocytic leukemia (CLL) and Richter’s Transformation. Final data from the Phase 1 study of ARQ 531 will be presented on Dec. 9, 2019 at the 61st American Society of Hematology (ASH) Annual Meeting & Exposition in Orlando, Florida.
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Slingshot Insights Explained
Strategic Initiative Date
Announcement Date:
Dec 09, 2019
Projected Implementation:
Q1, 2020
Relevance Tracked Until:
Q2, 2020
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Related Keywords Oncology, Hematological Malignancy