PeptiDream and Merck to work on COVID-19 therapeutics

15 June 2020

Japanese biotech firm PeptiDream (TYO: 4587) has inked a deal with Merck & Co (NYSE: MRK), for the discovery and development of COVID-19 therapeutics.

The firms will work together to create novel peptide therapies targeting both the current SARS-CoV-2 virus outbreak, as well as potential future coronavirus outbreaks.

Shares in PeptiDream, a Kanagawa-based company, jumped over 7% following the announcement on Friday.

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