Daiichi Sankyo and Merck strike ADC deal that could be worth $22 billion
Shares of Japanese pharma major Daiichi Sankyo (TYO: 4568) soared 14.4% to 4,095 yen by close of Tokyo trading today, after it announced what, if all goes according to plan, could be the biggest pharma licensing deal ever seen.
The agreement is with US pharma giant Merck & Co (NYSE: MRK) for the global development and commercialization of three of Daiichi Sankyo’s DXd antibody drug conjugate (ADC) candidates: patritumab deruxtecan (HER3-DXd), ifinatamab deruxtecan (I-DXd) and raludotatug deruxtecan (R-DXd).
The companies will jointly develop and potentially commercialize these ADC candidates worldwide, except in Japan where Daiichi Sankyo will maintain exclusive rights. Daiichi Sankyo will be solely responsible for manufacturing and supply.
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