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Merck & Co Could Be Plotting $30bn Bid For Seagen

Regulatory Concerns Remain

 
• By Andrew McConaghie

A buyout of Seagen would boost Merck & Co’s goal of becoming the dominant player in oncology by 2025, but the deal is said to be far from done.

Seagen
A $30bn plus buy out would also be welcomed by the wider biotech sector, where M&A could help turnaround negative investor sentiment. • Source: Shutterstock

Merck & Co is in advanced discussions with Seagen about a possible takeover bid, according to the Wall Street Journal, but sources close to talks have said a deal is not yet imminent.

The newspaper reported on 17 June that the US pharma giant was exploring an acquisition of the antibody drug conjugate (ADC) specialist firm, whose market cap

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