Chimerix Inc. has chosen Merck & Co. Inc. as its global partner for the Phase I HIV drug CMX157, allowing the start-up to focus on a crucial Phase III trial for a late-stage antiviral compound.
Merck will pay $17.5 million up-front for worldwide rights to ’157, in a deal that could be worth $151 million more plus royalties if development milestones are achieved
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