Merck has announced its latest merger plans as the pharmaceutical consolidation spree continues.
According to reports, Merck is set to acquire Cubist Pharmaceuticals for $8.4 billion. The takeover would boost Merck’s operations in antibiotic research as the medical community focuses more on so-called “superbugs.”
Warnings from the World Health Organization have called for renewed collaboration to fight the rise in superbugs.
In a statement, Cubist said it is clear that Merck shares its “commitment to addressing the growing, global problem we are facing” regarding antibiotic resistance.
Full content: CSMonitor
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