Merck in advanced talks to buy Acceleron Pharma
© Reuters. FILE PHOTO: The Merck logo is seen at a gate to the Merck & Co campus in Rahway, New Jersey, U.S., July 12, 2018. REUTERS/Brendan McDermid
(Reuters) -Merck & Co is in advanced talks to acquire drugmaker Acceleron Pharma (NASDAQ:) Inc, the Wall Street Journal reported https://www.wsj.com/articles/merck-nears-deal-to-acquire-acceleron-pharma-11632778405?mod=latest_headlines on Monday, citing people familiar with the matter.
Merck and Acceleron did not immediately respond to Reuters’ request for comment.
Cambridge, Massachusetts-based Acceleron focuses on the discovery, development and commercialization of therapeutics to treat blood-related disorders. It had a market capitalization of $10.89 billion, as of its last close.
A Bloomberg report last week said Acceleron was in talks to be acquired for more than $11 billion.
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