Pharma BD Deal Intelligence

Merck & Co. Inc. / ArQule Inc.

2019 · Acquisition/Merger · $2.7B · Complete

CALLED IT — OFF BY 5
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The coverage arc

Aug 29, 2004 Wikipedia Neutral

Merck acquired ArQule for $2.7B for BTK inhibitor ARQ 531.

Apr 17, 2026 Bullish

Merck to acquire ArQule for $20 per share approximately $2.7 billion advancing leadership in oncology with novel BTK inhibitor ARQ 531.

Apr 17, 2026 Neutral

Merck completes acquisition of ArQule on January 16 2020 gaining clinical-stage oral kinase inhibitors for B-cell malignancies treatment.

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Merck acquired ArQule for $2.7B (closed January 2020) for its lead asset ARQ 531, a reversible, non-covalent BTK inhibitor now developed as nemtabrutinib (MK-1026). As of late 2025 the asset has advanced into multiple registrational Phase 3 BELLWAVE trials in CLL/SLL (incl. a head-to-head BELLWAVE-011 vs ibrutinib/acalabrutinib), though it remains pre-approval with no pivotal efficacy readout.

Key facts

Related deals — scored

DealYearValueOutcome
Merck & Co. Inc. / ArQule Inc. (this deal)2019$2.7B58
Merck & Co. Inc. / Acceleron Pharma Inc.2021$11.5B90
Merck & Co. Inc. / Peloton Therapeutics Inc.2019$2.2B88
Merck & Co. Inc. / AstraZeneca PLC2017$8.5B87
Merck & Co. Inc. / Moderna, Inc.2022$250M86
Merck & Co. Inc. / Moderna, Inc.2016$250M84
Merck & Co. Inc. / Eisai Co., Ltd.2018$5.8B83

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