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Merck has completed its acquisition of Verona Pharma, adding Ohtuvayre, a first-in-class maintenance treatment for chronic obstructive pulmonary disease (COPD), to its portfolio. The acquisition strengthens Merck's cardio-pulmonary pipeline and is expected to negatively impact non-GAAP EPS by $0.16 in the first 12 months. Ohtuvayre is a novel, inhaled mechanism for COPD maintenance treatment that combines bronchodilator and anti-inflammatory effects.

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