Tag

Merck Kgaa

All articles tagged with #merck kgaa

pharmaceuticals2 years ago

"Merck KGaA's Evobrutinib Fails in Late-Stage Trials, Dealing Major Blow to MS Drug"

Merck KGaA's experimental multiple sclerosis drug, evobrutinib, has failed to meet its primary goal in late-stage trials, dealing a significant blow to the company's growth ambitions. The drug did not reduce the annualized relapse rate compared to Sanofi's Aubagio in patients with relapsing multiple sclerosis. Merck was considered ahead of competitors such as Sanofi, Novartis, and Roche in developing more targeted MS drugs known as Bruton's tyrosine kinase inhibitors. The failure of evobrutinib adds to Merck's recent setbacks, including the discontinuation of its cancer drug bintrafusp alfa and weak demand for specialty materials.

healthcare2 years ago

Merck KGaA partners with BenevolentAI and Exscientia for AI-driven drug discovery

Merck KGaA has entered into separate AI drug discovery partnerships with BenevolentAI and Exscientia, focusing on targets in oncology, neurology, and immunology. Exscientia will receive $20 million upfront for each of the three projects, with a total deal value of $674 million across all milestones. BenevolentAI will receive a low double-digit million dollar payment upfront, potentially worth $594 million, and both companies may receive tiered royalties on future sales.