Merck shares are trading higher after the company and Orion announced the mutual exercise of an option to convert the companies' ongoing co-development and co-commercialization agreement for opevesostat into an exclusive global license for Merck.
Portfolio Pulse from Benzinga Newsdesk
Merck shares are trading higher after the company and Orion announced the mutual exercise of an option to convert their co-development and co-commercialization agreement for opevesostat into an exclusive global license for Merck.
July 01, 2024 | 4:34 pm
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Merck shares are trading higher following the announcement of an exclusive global license for opevesostat, previously under a co-development and co-commercialization agreement with Orion.
The exclusive global license for opevesostat is a significant development for Merck, likely to enhance its product portfolio and future revenue streams, leading to a positive short-term impact on its stock price.
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