Merck to buy Australian viral immuno-oncology firm Viralytics for $394m

Merck to buy Australian viral immuno-oncology firm Viralytics for $394m

Photo: Reuters

U.S. drugmaker Merck & Co, already one of the leaders in the hot area of cancer immunotherapy, said on Wednesday it had agreed to buy Viralytics for 502 million Australian dollars ($394 million) to expand its pipeline in the sector.

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