Merck to buy cancer drug developer Peloton for $1.05 billion in cash

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Merck to buy cancer drug developer Peloton for $1.05 billion in cash
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Merck & Co Inc said on Tuesday it would buy Peloton Therapeutics Inc for $1.05 b...

FILE PHOTO: The Merck logo is seen at a gate to the Merck & Co campus in Linden, New Jersey, U.S., July 12, 2018. REUTERS/Brendan McDermid/File Photo

The company’s lead drug candidate, PT2977, will be studied in a late-stage study for treating renal cell carcinoma.

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