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StockNews.com
Business
Spandan Khandelwal

Merck Discussing Another Drugmaker Buyout -- Buy Or Sell?

MRK Merck Cancer Medical – Pharmaceuticals Merck & Co., Inc.

Merck & Co., Inc. (MRK) provides health solutions through prescription medications, vaccines, biological treatments, and consumer care products. The company operates in two segments: pharmaceutical and animal health. The stock has gained 17% over the past year and 23.8% over the past nine months to close its last trading session at $92.00.

Currently, the company is in talks to acquire cancer-focused biotech firm Seagen Inc. (SGEN), which has a market capitalization of $30.46 billion, to enhance its cancer-drug portfolio. This would be one of the largest takeovers of the year.

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