
Merck to buy Terns for $6.7B to bolster cancer lineup ahead of Keytruda patent cliff
Merck will acquire Terns Pharmaceuticals for about $6.7 billion in cash ($53 per share), expanding its cancer pipeline ahead of Keytruda’s 2028 patent expiry. Analysts see Terns’ leukemia drug candidate as a multibillion-dollar opportunity that could rival Scemblix, with the deal expected to close in the second quarter.












