Mestag deal with Merck & Co worth up to $1.9 billion
UK-based Mestag Therapeutics has entered into a license and collaboration agreement with Merck & Co (NYSE: MRK) to explore new therapeutic options for inflammatory diseases.
The collaboration will leverage Mestag's proprietary Reversing Activated Fibroblast Technology (RAFT) platform to identify novel drug targets.
Under the terms of the deal, Mestag will provide Merck with the option to license potential therapeutic targets identified using the RAFT platform. Mestag is set to receive an upfront payment, with total potential payments reaching $1.9 billion, including option fees and further downstream payments.
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