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After a hiatus from the Alzheimer’s drug discovery race, Merck & Co. has returned through a deal with Cerevance to identify novel drug targets for treating the disease. Cerevance will receive $25 million in cash and as much as $1.1 billion in milestones and royalties in exchange for licensing a single discovery-stage program to Merck. Bill Gates–backed Cerevance previously applied its technology to develop a small-molecule drug against Parkinson’s disease, which nailed its Phase 2 trials.
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