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Stock impact report

Merck is said to halt acquisition talks with cancer drug developer Revolution [Seeking Alpha]

Revolution Medicines, Inc. (RVMD) 
Company Research Source: Seeking Alpha
The pharmaceutical giant had been in talks to buy the cancer drug developer in Quick Insights Merck and Revolution Medicines could not agree on valuation, which led to the talks stalling. Investor interest remains high due to anticipated key clinical trial results for Revolution Medicines' pancreatic and colorectal cancer drugs expected later this year. Mizuho Securities projects Revolution's pancreatic cancer drug could reach $10 billion in annual global sales by 2035 if clinical trials prove successful and safe. Recommended For You Show less Read more
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