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Finance

Merck signs macrocyclic peptide deal with Unnatural Products

by Laura Howes
January 28, 2024 | A version of this story appeared in Volume 102, Issue 3
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Merck & Co. has signed a deal with Santa Cruz, California–based Unnatural Products (UNP) to develop a macrocyclic peptide against an undisclosed oncology target. Through its Global Health Innovation Fund, Merck invested in the biotechnology firm during an earlier series A funding round. The new deal includes an undisclosed up-front payment and potential milestone payments to make the total value of the deal worth up to $220 million for UNP.

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