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Merck Is in Advanced Talks to Buy Seagen for Roughly $40 Billion or More

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Merck & Co. is in superior talks to amass Seagen and is aiming to agree on a purchase of the most cancers biotech within the subsequent few weeks, in keeping with individuals conversant in the matter, in a deal that might be value roughly $40 billion or extra.

The businesses are discussing a worth for Seagen above $200 a share and are looking for to seal a deal on or earlier than the announcement of Merck’s quarterly earnings, set for July 28, the individuals stated. Seagen’s inventory closed at $175.13 on Wednesday.