Oncology Central

Merck & Co. to buy Viralytics to expand immuno-oncology pipeline

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Merck & Co. have signed a definitive agreement to acquire Viralytics for approximately $394 million, the companies has announced.

Viralytics is an Australian publicly traded company focused on oncolytic immunotherapy treatments for a range of cancers. Through the purchase, which is conditional on no better offer emerging from a counter-bidder, Merck will will be able to expand its drugs pipeline by gaining full rights to Cavatak®, Viralytics’ formulation of the oncolytic virus coxsackievirus Type A21.

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