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Mergers & Acquisitions

Merck KGaA buys neuroinflammation firm Chord Therapeutics

by Michael McCoy
January 2, 2022 | A version of this story appeared in Volume 100, Issue 1
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The structure of cladribine.

Merck KGaA has acquired the Swiss start-up Chord Therapeutics for an undisclosed sum. Chord launched in 2020 with $16 million in funding to develop cladribine for the treatment of two rare neuroinflammatory diseases. Merck already markets cladribine under the name Mavenclad as a treatment for relapsing multiple sclerosis. The German firm says Chord will help it expand its pipeline of neurology drugs.

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