--Merck & Co. is nearing a deal valued at around $6 billion to acquire Terns Pharma, a U.S. biotech company that develops treatments for a form of blood and bone cancer, Financial Times reports, citing people familiar with the matter.

--Talks between the two entities are at an advanced stage and a deal could be reached in coming days, FT says, citing people.

--Merck and Terns didn't immediately respond to requests for comment, the report says.


Full story: https://www.ft.com/content/3f695210-8cc0-4736-837a-7961d80588d9?syn-25a6b1a6=1


Write to Megan Cheah at megan.cheah@wsj.com


(END) Dow Jones Newswires

03-24-26 2151ET