Nerviano to reacquire rights on NMS-293 from Merck
Italian oncology focused biotech Nerviano Medical Sciences yesterday announced that it has successfully negotiated with Germany’s Merck KGaA (MRK: DE) to buy back the full world-wide rights of NMS 293 (also known as NMS-03305293).
Under their 2022 agreement, Merck made early payments (up-front and option exercise fees) of up to $65 million. No financial terms of the buy-back were revealed
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