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Merck invests in NGM, gets options to license new biologics
05 Apr 2019
Executive Summary
Merck & Co. Inc. paid $94mm up front and $106mm for a 15% equity stake in NGM Biopharmaceuticals Inc., in exchange for the chance to further develop and sell the private biotech’s preclinical biologic therapies for multiple indications.
Deal Industry
- Pharmaceuticals
-
Biotechnology
- Drug Discovery Tools
- Large Molecule
Deal Status
- Final
Deal Type
-
Alliance
- Co-Promotion
- Includes Contract
- Includes Equity
- Includes Royalty or Profit Split Information
- R&D and Marketing (Licensing)
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