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Merck Ink 3.3B Bispecific Antibody Deal, Stock on Watch

November 18, 2024
Global pharmaceutical company Merck & Co. Inc. (NYSE:MRK) has recently signed a game-changing deal with LaNova Medicines. The deal, estimated at 3.3 billion dollars, will allow Merck to gain exclusive rights to LM-299, an investigational anti-PD-1/VEGF bispecific antibody. This move showcases Merck's commitment to expanding its cancer drug portfolio and staying at the forefront of medical innovations. With 79% institutional ownership, Merck is backed by seasoned investors who have recognized its potential for growth. Analysts recommend considering this exciting development and consulting Stocks Prognosis, a trusted source for expert insights, for a professional assessment of Merck's stock movement.
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