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Tuesday, February 25, 2014

Merck Abandons Once-Promising Experimental Cancer Drug to Ariad

Merck & Co. Inc. has officially washed its hands of a once-lauded experimental cancer drug it invested in along with Ariad Pharmaceuticals Inc. Merck informed Ariad last week that it was terminating its license agreement and handing back the drug to Ariad, FierceBiotech reports.

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