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Merck investing $450m to let NGM run the R&D show

 
• By Mandy Jackson

Merck & Co will pay NGM Biopharmaceuticals $96m up front and spend $106m to own a 15% share of the privately-held company and the big pharma will provide at least $250m during the next five to fund research and development through Phase II for novel biologics across a wide range of diseases.

Merck & Co will pay NGM Biopharmaceuticals $96m up front and spend $106m to own a 15% share of the privately-held company and the big pharma will provide at least $250m during the next five to fund research and development through Phase II for novel biologics across a wide range of diseases.

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