NEU neuren pharmaceuticals limited

M&A, page-200

  1. 2,096 Posts.
    lightbulb Created with Sketch. 547
    There’s much more to the deal than just a $3b takeover offer; Merck stood to gain through milestones and royalties anyway.
    I’m unsure of the details but see below:

    Under the terms of the license agreement, Merck KGaA will receive an upfront payment as well as a minority equity stake in MoonLake Immunotherapeutics. Merck KGaA is eligible for potential development and commercial milestone payments as well as industry-standard royalties on net sales.
 
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