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Merck ended talks to buy Revolution Medicines over price disputes, despite the $28B–$32B deal’s potential.
Merck has reportedly ended talks to acquire biotech firm Revolution Medicines, a developer of cancer therapies, due to disagreements over price, according to the Wall Street Journal.
The potential deal, valued between $28 billion and $32 billion, would have given Merck access to Revolution’s experimental drug daraxonrasib, which is in late-stage trials and has FDA fast-track status.
Revolution, with a market cap of about $22.7 billion, remains a potential target, but Merck has not confirmed the halt, and no official statement has been issued.
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Merck terminó las conversaciones para comprar Revolution Medicines por disputas de precios, a pesar del potencial acuerdo de $ 28B $ 32B.