Merck to buy Xeraya-backed Imago BioSciences for $1.35b

Merck to buy Xeraya-backed Imago BioSciences for $1.35b

Photo: Reuters

American pharmaceutical major Merck & Co is acquiring clinical-stage biopharmaceutical firm Imago BioSciences, a portfolio company of Malaysian venture capital firm Xeraya Capital, for $1.35 billion in cash.