Merck Enhances Immuno-Oncology Portfolio with Acquisition of cCAM Biotherapeutics
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Merck (MRK) to Acquire cCAM Biotherapeutics in ~$605M Deal
July 28, 2015 7:58 AM EDTMerck (NYSE: MRK) and cCAM Biotherapeutics announced that the companies have signed a definitive agreement under which Merck will acquire cCAM Biotherapeutics, a privately held biopharmaceutical company focused on the discovery and development of novel cancer immunotherapies.
Under terms of the agreement, Merck, through a subsidiary, will acquire all outstanding stock of cCAM in exchange for an upfront payment of $95 million in cash. In addition, cCAM shareholders of record are eligible to receive a total of up to $510 million associated with the attainment of certain clinical development, regulatory and commercial... More
