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Merck & Co. To Enter Ophthalmology With EyeBio Buyout

 
• By Andrew McConaghie

Veteran developers stay on to accelerate development of potential first-in-class drug to challenge Bayer/Regeneron’s Eylea and Roche’s Vabysmo in a deal worth up to $3bn.

Merck 1200

Merck & Co. is set to enter the multi-billion dollar ophthalmology market with a deal to acquire EyeBio and its lead asset for $1.3bn upfront.

If the biotech’s lead candidate, Restoret (EYE103), reaches certain development, regulatory and commercial milestones the total deal value could reach $3bn. It adds to a string of deals by the...

Key Takeaways

  • The first in class Wnt agonist has shown promise in Phase I/II - enough for Merck to pay $1.3bn upfront for development rights.

  • EyeBio...

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