Pharma BD Deal Intelligence

Merck & Co. Inc. / Bristol-Myers Squibb Company

2017 · Licensing/Option · $625M · Complete

Announcement Sentiment
63
Positive
Outcome Score
74
Largely worked — most objectives met.

Merck settled patent litigation with BMS and Ono Pharmaceutical over Keytruda (pembrolizumab) by paying $625M upfront plus ongoing royalties on worldwide Keytruda sales. The settlement resolved disputes over anti-PD-1 antibody intellectual property, enabling Merck to continue marketing Keytruda, which became the world's top-selling drug exceeding $25B in annual sales.

Key facts

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