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« USPTO News: New Continuation and Claims Rules to Be Published in Late Summer | Main | Three New Biosimilars Pass EMEA Test »

July 26, 2007

Merck to Acquire NovaCardia

    By Jason Derry --

Merck Merck has announced an agreement to acquire NovaCardia for $350 million.  NovaCardia, a biotechnology company based in San Diego, has a lead drug candidate, KW-3902, in Phase III clinical trials for treating acute congestive heart failure.  Merck hopes to expand its pipeline for Novacardia cardiovascular therapeutics with the purchase of NovaCardia, which has a second compound (K201) currently slated for Phase II clinical trial for treating atrial fibrillation.

Jason Derry, Ph.D., who graduated with honors from DePaul University College of Law, is a molecular biologist and founding author of Patent Docs.

Posted at 10:17 PM in Licensing |

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