Merck & Co will pay up to $773m to acquire biopharmaceutical developer Tilos Therapeutics providing exits to co-founders Boehringer Ingelheim and Partners HealthCare.

Tilos Therapeutics, a US-based biopharmaceutical company established by pharmaceutical firm Boehringer Ingelheim and hospital network Partners HealthCare, yesterday agreed to an acquisition worth up to $773m by pharmaceutical group Merck & Co. Merck will, through an unnamed subsidiary, purchase all outstanding shares in Tilos and make an upfront payment, with additional contingent milestone payments. Details…

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