Drugmaker Merck to acquire Imago BioSciences for $1.35 billion

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Merck’s offer of $36 per share in cash for Imago represents nearly a 107% premium to the company’s last closing price.

The deal for the clinical-stage biopharmaceutical company that is developing drugs for the treatment of bone marrow-related diseases is expected to close in the first quarter of 2023, Merck said.