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German Merck signs collaboration deal for PARP inhibitor

  • Merck KGaA (MKGAF) inks a second collaboration deal with Beijing-based BeiGene.
  • The new deal is a licensing, development, and commercialization agreement for BeiGene-290, a preclinical PARP inhibitor.
  • The terms of the agreement call for German Merck to take on the development and commercialization responsibilities for '290 outside of China.
  • Milestone payments to BeiGene could reach $232M.
  • BeiGene also received an undisclosed upfront payment. (PR)
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