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AstraZeneca licenses Merck cancer drug

  • AstraZeneca (AZN) has licensed Merck's (MRK) MK-1775 drug for certain types of ovarian cancer.
  • AstraZeneca will pay $50M up front, milestones and then royalties on any product sales.
  • MK-1775 is in Phase IIa trials in combination with standard-of-care therapies. (PR)
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