Merck Takes a Big Swing on Leukemia with Terns Deal -- Market Talk

Dow Jones03-25 19:51

0751 ET - Merck's nearly $6 billion deal for cancer biotech Terns Pharmaceuticals could give it another cancer drug blockbuster as it prepares for its powerhouse drug Keytruda to lose patent protection. Terns develops pills to treat cancer, as well as obesity and metabolic liver diseases, and its highest-potential drug is a pill to treat a blood cancer known as chronic myeloid leukemia. The drug has delivered encouraging study results and Truist analysts estimate it could bring as much as $2.3 billion in peak adjusted annual sales. Keytruda will lose protection of its main patent in 2028. The immunotherapy notched sales of around $31.7 billion last year. (nicholas.miller@wsj.com)

(END) Dow Jones Newswires

March 25, 2026 07:51 ET (11:51 GMT)

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