Merck founds new I-O firm with candidates from UK cancer charity
Germany’s Merck KGaA (MRK: DE) is to set up a new immuno-oncology company called iOnctura.
The new biopharmaceutical company, to be based in Geneva, Switzerland, will aim to develop novel drugs that can be combined with checkpoint inhibitors.
The company is to be formed around two assets from the healthcare R&D portfolio of Merck and three assets developed by CRT, the commercial arm of Cancer Research UK.
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