How many acquisitions has Merck made so far?

Merck has completed 33 acquisitions so far, with an average acquisition amount of $2.26B.

Which countries does Merck usually acquire in?

Merck has made acquisitions in 8 countries with the most activity in United States and United Kingdom.

Which is Merck's latest acquisition?

Merck's most recent acquisition is Terns Pharmaceutical, a Developer of therapies for treating liver disease and cancer, acquired in March 2026.

Which sectors does Merck target for acquisitions?

Most of Merck's acquisitions are in Oncology (13) and Immunotherapy (9).

In which year did Merck make the most acquisitions?

Merck was most active in 2019, with 5 acquisitions completed in that year.

List of 33 Acquisitions by Merck (Sep 2026)

Merck has made a total of 33 acquisitions. These acquisitions span 23 sectors, including Oncology, Immunotherapy, and Infectious Diseases, across 8 countries, led by United States, United Kingdom, and Israel. Activity peaked in 2019 with 5 acquisitions, while 2020 and 2014 each saw 3. From 2020–2025, the company averaged 1.8 acquisitions per year, and it has completed 1 acquisition so far this year. In March 2026, it acquired Terns Pharmaceutical, a San Mateo-based firm founded in 2017 that develops therapies for liver disease and cancer.

Here's the year on year acquisition history of Merck:

Number of Total Acquisitions

Year	# Acquisitions
2026	1
2025	2
2024	2
2023	2
2022	1
2021	2
2020	3
2019	5
2018	2
2017	1
2016	2
2015	1
2014	3
2011	1
2010	2
2007	2
2006	1

View all Acquisitions by Merck

Recent acquisitions by Merck

Merck's most recent acquisition - Terns Pharmaceutical is a Developer of therapies for treating liver disease and cancer, founded in 2017 and located in San Mateo. Merck acquired a 100% stake in it in March 2026 for a price of $*****.

Here is the list of all acquisitions by Merck sorted by the latest acquisition date:

Acquired on	Acquired Company	Acquisition Price	Facilitators	Stake Acquired	Acquisition Multiple
Mar 25, 2026	Terns Pharmaceutical	zaju	objg	45	221
Nov 14, 2025	Cidara Therapeutics	hudp	wqjb	52	172
Jul 09, 2025	Verona Pharma	{wyu	pjxg	63	743
Oct 23, 2024	Modifi Bio	kokg	dxkb	63	242
Apr 09, 2024	Abceutics	{dyw	ewxg	81	680