trending Market Intelligence /marketintelligence/en/news-insights/trending/67JCWZGlQnu5BqZc_eNAOg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Merck to pay NGM up to $20M to extend pact for developing biologic therapies

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Merck to pay NGM up to $20M to extend pact for developing biologic therapies

Merck & Co. Inc. extended its collaboration to develop biologic therapeutics for various diseases with NGM Biopharmaceuticals Inc. until March 2022.

The original five-year agreement between Kenilworth, N.J.-based Merck and South San Francisco, Calif.-based NGM was set to expire in early 2020.

Merck will pay privately held NGM up to $20 million to fund NGM's research and development during the two-year extension period instead of paying a $20 million extension fee.

Under the same collaboration, originally signed in 2015, Merck in January exercised its option to acquire NGM's investigational medicine NGM313 to treat liver disease and type 2 diabetes for $20 million.

In addition, Merck terminated its license to NGM's program, which targets the growth differentiation factor 15, or GDF15, protein to treat obesity. The program included two investigational product candidates — NGM386 and NGM395.

Merck's decision was based on preliminary data from its phase 1 trial of NGM386, which showed that the drug did not help in reducing body weight compared to placebo.

Merck will license the GDF15 program back to NGM, subject to receiving any royalty on any future product sales arising out of the program.

NGM said in a March 20 press release that it will study the data from Merck and decide whether to continue the development of NGM386 and NGM395.

NGM added that the termination does not impact any other programs under the collaboration.

SNL Image