Merck & Co., Whitehouse Station, N.J., said it reached a definitive agreement to acquire Avecia Biologics, Billingham, England, for an undisclosed amount.
Merck reaches deal to acquire U.K. biologics company
The deal will expand the Merck's biopharmaceutical manufacturing capacity, the company said in a news release. Avecia Biologics, owned by privately held Avecia Investments, specializes in microbial-derived biologics and has targeted cancer, heart disease and stroke medicines. The companies did not release an expected date to finalize the deal, which must first be approved by regulators and is subject to customary closing conditions, the news release said.
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