Foghorn Therapeutics Said It Received Notice From Merck Regarding Termination Of Their Research Collaboration And Exclusive License Agreement Effective November 7, 2023; Foghorn Therapeutics Received A Total Of $20M From Merck Under The Agreement
Portfolio Pulse from Charles Gross
Foghorn Therapeutics has received a termination notice from Merck for their research collaboration and exclusive license agreement, effective November 7, 2023. Foghorn Therapeutics has received a total of $20M from Merck under the agreement.
August 10, 2023 | 8:59 pm
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Foghorn Therapeutics' research collaboration and exclusive license agreement with Merck is being terminated, which could potentially impact its future revenues and research capabilities.
The termination of the agreement with Merck could lead to a decrease in Foghorn Therapeutics' future revenues and hinder its research capabilities. This could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Merck has terminated its research collaboration and exclusive license agreement with Foghorn Therapeutics, which could potentially free up resources for other projects.
The termination of the agreement with Foghorn Therapeutics could free up resources for Merck to invest in other projects. However, it's unclear at this stage what impact this will have on Merck's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50