The latest announcement is out from C4 Therapeutics (CCCC).
C4 Therapeutics, Inc. has partnered with Merck KGaA in a significant deal to advance cancer treatment, focusing on the development of two targeted protein degraders. The collaboration could yield C4T up to $740 million, plus royalties from sales, while Merck KGaA will cover all costs from development to commercialization. This strategic partnership marks a notable stride in oncology research and offers potential financial windfalls for both companies as they work towards breakthroughs in cancer therapy.
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