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Merck & Co., Inc. (NYSE:MRK) is preparing for the departure of its CEO Kenneth Frazier and searching internally for a replacement, according to Bloomberg.
In May, Merck announced an agreement to acquire the clinical-stage biopharmaceutical company Peloton Therapeutics for $1.05 billion cash upfront and a further $1.15 billion if certain regulatory and sales milestones are reached.
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On Wednesday, Merck & Co shares are trading up 0.19% at $84.66.
Related Links:
Merck To Buy Clinical-Stage Biopharma Peloton Therapeutics For More Than $1B
Photo courtesy of Merck.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.