Merck enhances ophthalmology portfolio with EyeBio acquisition
The deal, which was announced in May 2024, includes an upfront cash payment of $1.3bn and $1.7bn in milestone payments on meeting developmental, regulatory and commercial goals. Under
WuXi Biologics, in partnership with Hangzhou DAC Biotechnology, has entered into a research service agreement with Aadi Bioscience for antibody-drug conjugates (ADCs).
The funding will support ongoing clinical trials for X-Linked Retinitis Pigmentosa (XLRP) and advance the company’s Dry Age-related Macular Degeneration (dAMD) programme. The investment round included contributions from