Merck to Buy OncoImmune Amid Race for Covid-19 Treatments

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Merck is buying the biopharmaceutical company OncoImmune, which has reported positive results from a late-stage study of a Covid-19 therapeutic candidate (corrects an earlier tweet, which has been deleted, that said this was a study of a vaccine candidate)

Merck & Co. is buying the biopharmaceutical company OncoImmune, which has reported positive results from a late-stage study of a coronavirus therapeutic candidate, for $425 million in cash.

The acquisition is the big drugmaker’s latest in its catch-up in the most important vaccine and treatment chase in modern history. Earlier Monday, AstraZeneca PLC and the University of Oxford said their Covid-19 vaccine was as much as 90% effective in preventing infections without serious side effects in large clinical trials, and a shot...

 

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