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- by wallstreetpit.com
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Merck Snaps Up Verona for $10 Billion in a Bid to Broaden Its Pipeline
Merck & Co., Inc. (MRK) acquired Verona Pharma plc (VRNA) for $10 billion, boosting Verona’s shares by over 20% to $104.77, with the deal centered on Verona’s first-in-class COPD drug Ohtuvayre. Ohtuvayre, a novel inhaled therapy approved 13 months ago, generated $71.3 million in Q1 2025 sales with 95% sequential…