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Merck close to $6B acquisition of Terns Pharma to boost cancer portfolio: FT (MRK:NYSE)
Merck is reportedly nearing a $6 billion all-cash deal to acquire Terns Pharmaceuticals. This strategic move aims to strengthen Merck’s drug pipeline, especially in anticipation of its blockbuster cancer treatment Keytruda’s patent expiration. The acquisition would enhance Merck’s oncology portfolio.