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Merck, Ridgeback Bio Collaborate To Develop Novel Antiviral Candidate EIDD-2801

Merck & Co. Inc. (MRK) said that it has reached a collaboration agreement with Ridgeback Biotherapeutics LP to develop EIDD-2801, an orally available antiviral candidate currently in early clinical development for the treatment of patients with COVID-19.

As per terms of the deal, Merck will gain exclusive worldwide rights to develop and commercialize EIDD-2801 and related molecules. Ridgeback Bio will receive an undisclosed upfront payment, specified milestones and a share of the net proceeds of EIDD-2801 and related molecules, if approved.

Merck said it will be responsible for clinical development, regulatory filings and manufacturing.

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