Merck Locks Infinimmune Alliance To Chase Next-Gen Antibody Drugs
4/1/2026
Impact: 75
Healthcare
Merck & Co Inc. has entered a collaboration with Infinimmune Inc. to develop next-generation antibody candidates using Infinimmune's proprietary human-first discovery platform. The agreement grants Merck exclusive rights to develop and commercialize these candidates, with Infinimmune eligible for an undisclosed upfront payment and milestone payments totaling up to approximately $838 million. Additionally, Merck is acquiring Terns Pharmaceuticals for $53.00 per share, amounting to an equity value of $6.7 billion, as part of its strategy to mitigate revenue risks associated with its cancer immunotherapy Keytruda.
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