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Home › Disease Areas › Cancer › Merck Invests $1B, Pays $725M Upfront for Two Seattle Genetics Precision Oncology Drugs

Merck Invests $1B, Pays $725M Upfront for Two Seattle Genetics Precision Oncology Drugs

Sep 14, 2020
|
staff reporter

This article has been updated to clarify that Seattle Genetics maintains commercial rights to tucatinib in Europe and Canada as well as in the US.

NEW YORK – Seattle Genetics and Merck on Monday announced two strategic collaborations for the development of certain precision oncology assets, under which Seattle Genetics will receive $725 million in upfront payments and $1 billion in equity investment from Merck.

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