# Merck's $6.7B Deal Is a Defensive Strike, Not a Pipeline Play

- slug: mercks-67b-deal-is-a-defensive-strike-not-a-pipeline-play
- date: 2026-03-25
- category: Biotech & Life Sciences

Merck's $6.7 billion acquisition of Terns Pharmaceuticals, announced this week, is not a pipeline deal.

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