Merck KGAA is the latest biopharma increasing its investment in the emerging field of immuno-oncology. The German company’s U.S. subsidiary EMD Serono said June 26 that it is establishing an early research unit and increasing business development initiatives in the field.
Merck’s new “innovation platform” will break out early immuno-oncology R&D – preclinical through proof-of-concept – from the firm’s broader oncology...