Merck & Co., Inc. kicked off 2024 with acquisition news, revealing on the opening day of the J.P. Morgan Healthcare Conference that it will acquire the cancer company Harpoon Therapeutics for roughly $680m. The news follows a spate of deal-making by Merck last year to reenergize its pipeline, including a huge $4bn upfront licensing deal with Daiichi Sankyo Co., Ltd.
The purchase price of $23 per share represents a 118% increase over Harpoon’s closing price of $10.55 on 5 January....



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