Merck completes acquisition of Austrian vaccine developer Themis Bioscience

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Pharma giant Merck has wrapped up its previously announced acquisition of Austrian vaccine developer Themis Bioscience.

The Austrian company is focused on developing vaccines and immune-modulation therapies for infectious diseases and cancer.

Merck announced the deal last month in a move to gain access to Themis Bioscience’s coronavirus vaccine candidate. Read more about Merck acquisition of Themis Bioscience here.

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The transaction was cleared by the US Federal Trade Commission and prior to that Merck had secured merger control clearance from the Austrian Federal Competition Authority.

Themis is now a fully-owned subsidiary of Merck.

The pharma giant said that it will initially focus on speeding up the development of Themis Bioscience’s measles vector-based SARS-CoV-2 vaccine candidate, which is presently in pre-clinical development. Clinical studies of the coronavirus vaccine candidate are targeted to begin later this year.

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