Merck KGaA has confirmed that it is in discussions for a potential acquisition of SpringWorks Therapeutics, Inc., a U.S.-based biotech firm. This move is part of Merck's strategy to enhance its oncology portfolio. The acquisition discussions follow SpringWorks' recent FDA approval for its cancer drug, mirdametinib (brand name Gomekli), which is indicated for adult and pediatric patients with neurofibromatosis type 1-associated plexiform neurofibromas. The approval includes a priority review voucher, fast track designation, and orphan drug designation, bolstering SpringWorks' position in the market. Analysts speculate that a deal could significantly strengthen Merck's pharmaceutical division, although specific terms of the potential acquisition remain unclear.
$SWTX (+3.4% pre) SpringWorks shares rise on FDA nod for GOMEKLI - msn https://t.co/oALlXkMX4u
Merck KGaA versterkt positie in kankermedicijnen met mogelijke overname Springworks Therapeutics https://t.co/V2j52A2GNw #MerckKGaA #kankermedicijnen #biotechnologie #overname #farmaceutischeIndustrie https://t.co/dck0OoExxJ
The FDA also noted in the approval announcement that a priority review voucher (PRV) was issued for $SWTX's rare pediatric disease product application. Application was granted priority review, fast track designation, & orphan drug designation. Priority granted in Aug '24 based on… https://t.co/yNQzKvYfTS