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Merck Betting Up To $2B On China-Developed Cardio Drug

By Jade Martinez-Pogue ( March 25, 2025, 3:23 PM EDT) -- Pharmaceutical giant Merck & Co. Inc. , advised by Gibson Dunn & Crutcher LLP and Covington & Burling LLP, said on Tuesday it has entered into an exclusive license agreement with Cooley LLP-led pharmaceutical company Jiangsu Hengrui Pharmaceuticals Co. Ltd. under which Merck will pay up to nearly $2 billion to the Chinese pharmaceutical business. . . .

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