Arvinas enters into strategic collaboration with Merck

9 April 2015

Privately-held biotech company focused on protein degradation, Arvinas, has entered into a strategic collaboration with pharma giant Merck & Co (NYSE: MRK).

Arvinas’ novel PROTAC technology will be used to degrade target proteins, with the goal of creating novel therapeutics. The collaboration will span several years and encompass multiple disease targets across several therapeutic areas.

Financial arrangements have not been disclosed but Arvinas will receive an upfront payment and funding to support Merck-related research and Arvinas could earn up to $434 million if all research, development, regulatory and commercial milestone payments are successfully paid.

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