2027 will be the year that FDA approval is sought. Merck and IMM need that in 2027 because Keytruda expires in 2028. If there is any indication in 2025-26 that this combo is working well then I think we can expect an aquisition and Merck will then build their processing plant in USA as USA may block any Efti manufactured in China.
Ann: Immutep announces Ph 3 clinical trial collaboration with MSD, page-9
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