German life science and performance materials company Merck KGaA (MRK: DE) has entered into a global collaboration agreement with the fertility technologies expert Genea Biomedx, an Australian company, dedicated to advancing fertility science and helping couples create families.
With this partnership, Merck Serono, the biopharmaceutical business of Merck, and global market leader in drugs for assisted reproductive treatment (ART), receives global marketing and commercialization rights to Genea Biomedx’ product portfolio. This comprises the innovative Gavi, Geri and Gems product lines which are expected to receive CE mark in Europe shortly, as well as a joint development pipeline. Financial terms of the accord were not disclosed.
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