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- Opko Health Inc said on Wednesday it signed a deal with Merck & Co Inc potentially worth up to $922.5 million for its experimental Epstein-Barr virus vaccine.

reuters
Published 9 ಮಾರ್ಚ್ 2023, 17:59 IST
Last Updated 9 ಮಾರ್ಚ್ 2023, 17:59 IST
Amphoras are placed on tables as Pope Francis presides over the Chrism Mass in St. Peter's Basilica at the Vatican, April 6, 2023. REUTERS/Remo Casilli
Amphoras are placed on tables as Pope Francis presides over the Chrism Mass in St. Peter's Basilica at the Vatican, April 6, 2023. REUTERS/Remo Casilli   REUTERS/REMO CASILLI

(Adds share moves)

March 8 (Reuters) - Opko Health Inc said on Wednesday it signed a deal with Merck Co Inc potentially worth up to $922.5 million for its experimental Epstein-Barr virus vaccine.

Shares of Opko jumped 28% in premarket trade.

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Merck will take over the clinical and regulatory activities related to the vaccine, as well its commercialization once the drugmaker files a joint application with Opko unit ModeX Therapeutics to test it in humans, the company said.

Opko will receive an upfront payment of $50 million and is eligible for milestone payments of up to $872.5 million, plus royalties on global sales.

There is currently no vaccine for the Epstein-Barr virus, which is the leading cause of mononucleosis, or mono, commonly called the "kissing disease". (Reporting by Aditya Samal in Bengaluru; Editing by Pooja Desai)

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