Merck Seals Acceleron Pharma Deal For $180/Share: Highlights

Putting all the speculations at bay, Merck & Co Inc (NYSE:MRK) has agreed to acquire Acceleron Pharma Inc (NASDAQ:XLRN) for $180 per share in cash for an approximate total equity value of $11.5 billion.
Related Link: Merck Reportedly Lead Bidder In $11B Acceleron Buyout: WSJ.
Acceleron’s lead therapeutic candidate, sotatercept, has a novel mechanism of action with the potential to improve short-term and/or long-term clinical outcomes in patients with pulmonary arterial hypertension (PAH).
Sotatercept is in Phase 3 trials as an add-on to the current standard of care for treating PAH.
In addition to sotatercept, Acceleron’s portfolio includes Reblozyl (luspatercept-aamt), an erythroid maturation recombinant fusion protein approved for anemia in certain rare blood disorders.
Reblozyl is being developed and commercialized through global collaboration with Bristol Myers Squibb & Co (NYSE:BMY).
Related: Bristol-Myers, Acceleron’s Reblozyl Ok’d In Canada For MDS-Associated Anemia.
The transaction is expected to close in Q4 of 2021.
Price Action: XLRN stock is up 0.56% at $176.35, MRK shares are up 0.87% at $75.74 during the premarket session on the last check Thursday.