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4D Collaborates With Merck To Develop Live Biotherapeutics For Vaccines

4D pharma plc (DDDD.L) said it reached a research collaboration and option to license agreement with Merck & Co., Inc. (MRK) to discover and develop Live Biotherapeutics for vaccines.

As per the terms of the deal, 4D's proprietary MicroRx platform will be paired with Merck's expertise in the development and commercialisation of novel vaccines, to discover and develop Live Biotherapeutics as vaccines in up to three undisclosed indications.

4D has the right to cause Merck to purchase $5 million in ordinary shares in 4D during the first 12 months of the collaboration.

In addition to an upfront cash payment, for each indication, 4D will be eligible to receive up to $347.5 million in option exercise and development and regulatory milestone payments, plus tiered royalties on annual net sales of any licensed products derived from the collaboration.

Merck will be responsible for development, manufacturing and commercialisation following the exercise of any of its exclusive options.

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