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Merck sells biosimilars business to Fresenius to focus on innovative drugs

Merck to receive upfront payment of € 170 mn & milestone payments of up to € 500 mn on future sales

BS B2B Bureau  |  Darmstadt, Germany 

Germany-based science and technology company Merck has divested its biosimilars business to Fresenius Kabi as part of Merck’s strategy for its healthcare business to focus on the pipeline of innovative medicines. As per the agreement, Merck will receive an upfront payment of € 170 million, milestone payments of up to € 500 million plus royalties on future product sales. The parties agreed to enter into supply and services agreements, which include drug development support and manufacturing services. Closing is expected in the second half of 2017, subject to ...

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First Published: Tue, April 25 2017. 20:50 IST
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Merck sells biosimilars business to Fresenius to focus on innovative drugs

Merck to receive upfront payment of € 170 mn & milestone payments of up to € 500 mn on future sales

Merck to receive upfront payment of € 170 mn & milestone payments of up to € 500 mn on future sales Germany-based science and technology company Merck has divested its biosimilars business to Fresenius Kabi as part of Merck’s strategy for its healthcare business to focus on the pipeline of innovative medicines. As per the agreement, Merck will receive an upfront payment of € 170 million, milestone payments of up to € 500 million plus royalties on future product sales. The parties agreed to enter into supply and services agreements, which include drug development support and manufacturing services. Closing is expected in the second half of 2017, subject to ... image
Business Standard
177 22

Merck sells biosimilars business to Fresenius to focus on innovative drugs

Merck to receive upfront payment of € 170 mn & milestone payments of up to € 500 mn on future sales

Germany-based science and technology company Merck has divested its biosimilars business to Fresenius Kabi as part of Merck’s strategy for its healthcare business to focus on the pipeline of innovative medicines. As per the agreement, Merck will receive an upfront payment of € 170 million, milestone payments of up to € 500 million plus royalties on future product sales. The parties agreed to enter into supply and services agreements, which include drug development support and manufacturing services. Closing is expected in the second half of 2017, subject to ...

image
Business Standard
177 22