Merck Agrees To Buy Eyebiotech For $1.3B Upfront Payment And Up To $1.7B In Future Milestone Payments For A Potential Value Of $3B.
Portfolio Pulse from Benzinga Newsdesk
Merck has agreed to acquire Eyebiotech for an upfront payment of $1.3 billion and up to $1.7 billion in future milestone payments, making the potential total value of the deal $3 billion.
May 29, 2024 | 10:46 am
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Merck's acquisition of Eyebiotech for up to $3 billion could enhance its portfolio and drive future growth.
The acquisition of Eyebiotech by Merck is a significant move that could enhance Merck's portfolio, particularly in the biotech sector. The upfront payment of $1.3 billion and potential milestone payments indicate a strong commitment to future growth and innovation.
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