Merck KGaA exercises option with Abbisko for pimicotinib
German life sciences and pharma company Merck KGaA (MRK: DE) today revealed it has exercised its option with China’s Abbisko Therapeutics (HKEX: 02256) for commercialization of pimicotinib in the US and rest of world.
As a result, Merck and will pay Abbisko an option fee of $85 million.
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