Merck KGaA terminates MS drug license agreement with Ono
FRANKFURT, June 17
FRANKFURT, June 17 (Reuters) - German drugmaker Merck KGaA agreed with Japan's Ono Pharmaceutical to terminate a license agreement over Ono's experimental multiple sclerosis (MS) drug ceralifimod.
Merck, the maker of MS drug Rebif, said on Tuesday the project did "not meet Merck's threshold for continued investment".
Merck bought worldwide exclusive license rights from Ono for the development and commercialization of ceralifimod outside of Japan, Korea and Taiwan in October 2011.
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