Health/Life Sciences

Report: Merck in ‘superior talks’ to accumulate Seattle-area biotech large Seagen for round $40B

A brand new Wall Road Journal report revealed that Merck is in “superior talks” to accumulate Seattle-area biotech large Seagen in a deal that might be price $40 billion or extra. The deal, which is more likely to be scrutinized by antitrust officers, might shut this month and can be the biggest healthcare merger this 12 months, Axios famous. Shares of each firms have risen since stories of an acquisition first surfaced on June 17. Bothell, Wash.-based Seagen employs greater than 2,800 individuals and its market capitalization is sort of $33 billion.

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