The Financial Times reported on June 2, 2025, that Merck held talks to acquire Swiss biotech MoonLake Immunotherapeutics for more than $3 billion. This potential acquisition signals Merck's strategic interest in expanding its therapeutic areas.
Such a significant deal would bolster Merck's pipeline with new assets, contributing to its diversification strategy beyond its blockbuster cancer treatment, Keytruda. MoonLake Immunotherapeutics focuses on inflammatory diseases, a potentially lucrative area.
While the outcome of these talks is not disclosed, the report highlights Merck's aggressive business development efforts. The company is actively seeking external innovation to drive future growth and strengthen its competitive position.
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