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.
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.
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