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BioWorld - Friday, December 19, 2025
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Home » The year’s biggest deal: Merck and Kelun enter $9.3B alliance
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The year’s biggest deal: Merck and Kelun enter $9.3B alliance

Dec. 22, 2022
By Lee Landenberger
Two deals for antibody-drug conjugates inked since May between Merck & Co. Inc. and Sichuan Kelun-Biotech Pharmaceutical Co. Ltd. have blossomed eight months later into the year’s biggest agreement, one that could bring Kelun-Biotech up to $9.3 billion in development, regulatory and sales milestones.
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