Merck to Acquire Rahul Kakkar-Led Pandion Therapeutics for $1.85 Billion
Rahul Kakkar
WATERTOWN, Mass.– Merck and Pandion Therapeutics, Inc. announced that the companies have entered into a definitive agreement, under which Merck, through a subsidiary, will acquire Pandion, a clinical-stage biotechnology company developing novel therapeutics designed to address the unmet needs of patients living with autoimmune diseases, for $60 per share in cash. This represents an approximate total equity value of $1.85 billion.
“This acquisition builds upon Merck’s strategy to identify and secure candidates with differentiated and potentially foundational characteristics,” Dr. Dean Y. Li, president, Merck Research Laboratories, said in a statement. “Pandion has applied its TALON technology to develop a robust pipeline of candidates designed to re-balance the immune response with potential applications across a wide array of autoimmune diseases.”
Merck to Acquire Pandion Therapeutics
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Merck Enters Definitive Agreement to Acquire Pandion Therapeutics for USD 1 85 Billion | Merck Enters Definitive Agreement to Acquire Pandion Therapeutics for USD 1 85 BillionFinancial Buzz
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