Merck to acquire Caraway Therapeutics in up to $610M deal

Merck is snapping up a private biotech focused on genetically defined neurodegenerative disorders and rare diseases, promising to pay $610 million if everything works out.

Caraway Therapeutics, based in Cambridge, MA, is developing a slate of preclinical small molecule therapeutics “that boost cellular clearance pathways to restore balance” — with…
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