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Hello mooers, welcome to another week of the FDA calendar. Here are what happened last week and what's coming up this week.
$Merck & Co (MRK.US)$ said Sunday it has agreed to acquire all of the outstanding shares of $Prometheus Biosciences (RXDX.US)$ for $200 per share in cash, for a total equity value of about $10.8 billion.
Under the terms of the deal, Merck will acquire Prometheus through a subsidiary. The deal is expected to close in Q3, subject to approval from Prometheus shareholders.
Prometheus is developing PRA023 for the potential treatment of immune-mediated diseases, including ulcerative colitis, Crohn's disease and other autoimmune conditions.
EVENTS TO WATCH
Source: BioPharmCatalyst, Benzinga
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