{"id":1915601,"date":"2023-04-16T10:11:22","date_gmt":"2023-04-16T14:11:22","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/merck-to-buy-prometheus-biosciences-for-about-11-billion\/"},"modified":"2023-04-16T10:11:58","modified_gmt":"2023-04-16T14:11:58","slug":"merck-to-buy-prometheus-biosciences-for-about-11-billion","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/merck-to-buy-prometheus-biosciences-for-about-11-billion\/","title":{"rendered":"Merck to buy Prometheus Biosciences for about $11 billion"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmerck-to-buy-prometheus-biosciences-for-about-11-billion%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1915601&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p> <!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p>To increase the company&#8217;s&#8217;s presence in immunology,( Reuters )- Merck &#038; Co has agreed to purchase Prometheus Biosciences Inc. for about$ 10.8 billion, the companies announced on Sunday.<\/p>\n<p>According to the joint statement, Merck will pay$ 200 per share for the biotechnology company that specializes in products for treating immunological diseases through one of its subsidiaries. That equates to a 75 % increase over Friday&#8217;s&#8217;s closing price of Prometheus shares, which was$ 114.01.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px; text-align: center;\"><script> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); }); <\/script><\/div>\n<\/p>\n<p>At the end of Friday, Prometheus had a market capitalization of$ 5.42 billion.<\/p>\n<p>As inventions on Merck&#8217;s&#8217;s cancer immunotherapy Keytruda start to disappear toward the end of the decade, the company has been looking for offers to shield itself from potential sales losses.<\/p>\n<p>The partnership with Prometheus will hasten our expansion in immunology, where there is still a sizable unfulfilled patient need. According to Merck Chairman and Chief Executive Robert Davis, this deal&#8221; adds richness to our general resume.&#8221;<\/p>\n<p>According to the business, the price, which was first reported by the Wall Street Journal, is anticipated to around in the second quarter of the year.<\/p>\n<p>Merck predicted 2023 earnings below Wall Street projections and a sharp decline in COVID-19 antimicrobial therapy sales.<\/p>\n<p>( Reporting from Bengaluru by Kanjyik Ghosh and Akanksha Khushi; editing by David Goodman and Tom Hogue )<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/merck-to-buy-prometheus\/attachment\/file-photo-signage-is-seen-at-the-merck-co\/\"><\/a><\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>This week has seen a lot of significant articles in the U.S. and elsewhere. OAN NewsroomUPDATED 7: 19 Do &#8211; Saturday, April 15, 2023.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>For the first time since her departure, Minnesota child Maddi Kingsbury&#8217;s&#8217;s member breaks his solitude. Madison Colbern of One America has more.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>The most recent instance of selective news is the Pentagon Leak reporting. Tom McGrath of One America examines a blatant marketing double standards.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>The DOJ soon tries to stop the Fentanyl Crisis after charging the Pentagon Leaker. The outcome of the pregnancy medication Mifepristone is still up in the air.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>( Reuters ) Apple Inc. &#8216; s TV platform was restored following a brief outage that affected thousands of users in the United States.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>BERLIN( Reuters)- Minister Nancy, the Interior Ministry of Germany, is looking into all Taiwanese pieces that have already been installed in the nation&#8217;s&#8217;s 5G network.<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>SAIC Motor and other automobile manufacturers will be urged by BEIJING ( Reuters )- Shanghai to actively participate in the expense of automotive chips, as well as&#8230;<\/p>\n<\/div>\n<div class=\"entry-content\">\n<p>By Sheila Dang( Reuters )- Montana legislators passed a bill on Friday outlawing the use of the well-known short-form video app TikTok.<\/p>\n<\/div>\n<p><\/body><\/html><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) -Merck &amp; Co has agreed to acquire Prometheus Biosciences Inc for about $10.8 billion to bolster the company\u2019s presence in immunology, the companies said on Sunday. The joint statement said that Merck, through one of its subsidiaries, will pay $200 per share for the biotechnology company that specializes in products for treatment of immunological<\/p>\n","protected":false},"author":66,"featured_media":1915602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[17992,24476,24206,24475],"class_list":["post-1915601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-17992","tag-biosciences","tag-merck","tag-prometheus"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1915601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1915601"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1915601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1915602"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1915601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1915601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1915601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}