Nov. 15 at 8:22 PM
$MDNAF Merck just purchased Cidara for
$9B. This appears to offset revenue lost due to the approaching Keytruda patent cliff.
Why mention this here? Merck was one of the prominent companies who could make a deal with Medicenna to bolster its Keytruda drug. David's Substack had mentioned this too.
By my queries I have AstraZeneca, GlaxoSmithKline and Pfizer remaining as companies most interested, most capitalized in acquiring next generation IL-2. I feel Pfizer is more likely even though they too have made a very recent large purchase of
$7B for Metsera.
Lots of money is being thrown around by big pharma. Are they done spending? Who knows but how about a smallish licensing deal:
$50 M upfront etcetera. This really isn't too much to ask especially if Medicenna's beta approach to repriming the immune system proves correct. Few more weeks to find out.
Can't believe I'm writing this on a Saturday. Best of luck.