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Merck To Acquire Tilos Therapeutics for ~ $773M

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Merck To Acquire Tilos Therapeutics for ~ $773M

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  • Merck acquires Tilos Therapeutics- in all-stock transaction. Tilos Therapeutics to receive upfront and contingent milestone payments- making the total deal value ~$773M
  • The focus of the acquisition is to strengthen Merck’s footprint with the addition of Tilos’ antibodies modulating TGFβ portfolio targeting cancer- fibrosis and autoimmune diseases
  • TGFβ is a cytokine secreted as a complex with the protein- latency-associated peptide (LAP). Tilos Therapeutics was founded by the collaboration of BI Venture Fund and Partners Innovation Fund

Ref: Merck | Image: Merck

Click here to­ read the full press release 

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