Antibody-drug conjugates have caught the biopharma world by storm, and Merck has been an active dealmaker in the space via multibillion-dollar pacts with Daiichi Sankyo and Sichuan Kelun-Biotech.
Now, the New Jersey pharma giant is linking up with a much smaller startup to potentially make ADCs safer, meaning less harm to healthy cells.
Merck will pay up to $208 million to buy Abceutics, according to an April 5 press release from the University at Buffalo, where the startup was spun out of researcher Joseph Balthasar’s lab.
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