Merck Eyes Incyte for Possible Acquisition
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Merck (MRK) is rumored to be pursuing a takeover of Incyte (INCY), causing market volatility. Both companies have a history of collaboration in drug development, but the acquisition remains unconfirmed. Incyte's stock fell after halting a key drug study and discontinuing another, which may impact perceptions of its pipeline value. The market is closely monitoring these developments, as the potential acquisition could offer strategic benefits for both firms.
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