Merck KGaA bags another molecular glue deal for $16M upfront, this time with C4

In the latest development in the “highly dynamic” molecular glue space, Merck KGaA has inked a discovery agreement with C4 Therapeutics for two protein degraders against cancer targets.

C4 will receive $16 million upfront and is eligible for up to $740 million in milestones and tiered royalties on sales ranging…
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