Dec. 18 at 1:34 PM
BMO Capital Questions Whether
$MRK (Merck) would have been better served going after a company in later-stage development, given the strength of their balance sheet and the proximity of the Keytruda LOE.
$HNSPF
$VKTX $GPCR $TERN LLY NVO
BMO Capital reiterated
$MRK Outperform;
$136, says 'Merck Enters Obesity w/ the License of Hansoh's Small Molecule GLP-1 HS-10535:'
"Solving for the Keytruda LOE? Merck enters the obesity race with plans to in-license Hansoh Pharma's preclinical oral small molecule GLP-1RA HS-10535 for an upfront of
$112M with a potential
$1.9B in milestone payments. Today's transaction likely viewed as positive by the investment community, but we question whether Merck would have been better served going after company in later-stage development, given the strength of their balance sheet and the proximity of the Keytruda LOE."