Merck, Ablynx ink immunotherapy deal

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Merck and Belgium's Ablynx have signed their second collaboration and licensing deal. Ablynx announced the $27-million partnership Monday. The agreement focuses on nanobodies that can be deployed for immuno-oncology treatments. The three-year research agreement also promises up to $14.5 million in research funding and royalties that could reach $2.3 billion.

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