Merck Nears $6B Acquisition of Terns Pharma to Enhance Cancer Portfolio

Wednesday, Mar 25, 2026 12:15 am ET1min read
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Merck & Co. is reportedly close to a $6 billion all-cash deal to acquire US biotech firm Terns Pharmaceuticals. The deal aims to boost Merck's drug pipeline ahead of the patent expiry of cancer treatment Keytruda. The acquisition would strengthen Merck's position in the cancer treatment market.

Merck Nears $6B Acquisition of Terns Pharma to Enhance Cancer Portfolio

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