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Merck & Co and Bayer agree their own asset-swapping megadeal

 
• By Sukaina Virji

Bayer has won the auction for Merck & Co's consumer care business with a cash offer of $14.2bn. The companies also plan to collaborate in the field of sGC (soluble guanylate cyclase) modulators, for which Merck will make an upfront payment to Bayer of $1bn.

Bayer has won the auction for Merck & Co's consumer care business with a cash offer of $14.2bn. The companies also plan to collaborate in the field of sGC (soluble guanylate cyclase) modulators, for which Merck will make an upfront payment to Bayer of $1bn.

Bayer CEO Dr Marijn Dekkers said that the current wave of M&A activity in the pharmaceutical sector "is being driven by companies realizing that they need to focus in areas...

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