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Merck Invests In NGM, Gets Options to License New Biologics; Later Amends Agreement

Executive Summary

Merck & Co. Inc. paid $94mm up front and $106mm for a 15% equity stake in NGM Biopharmaceuticals Inc., in exchange for the chance to further develop and sell the private biotech’s preclinical biologic therapies for multiple indications.

Deal Industry
  • Pharmaceuticals
  • Biotechnology
    • Drug Discovery Technologies
    • Large Molecule
Deal Status
  • Final
Deal Type
  • Alliance
    • Co-Promotion
    • Includes Equity
    • Includes Royalty or Profit Split Information
    • R&D and Marketing (Licensing)

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