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- Jan 7, 202690% CONFIDENCEfrom the source
Merck Completes Cidara Takeover to Add a Long-Acting Flu Antiviral
- Merck completed the cash tender offer for all Cidara shares at $221.50 per share; 27,149,333 shares, about 85.96 percent of the total, were tendered by the 6 January expiry[1]
- Merck planned to complete the acquisition the same day through a merger, after which Cidara became a wholly owned subsidiary and left the Nasdaq[1]
- CEO Robert M. Davis said CD388, a potentially first-in-class, long-acting strain-agnostic antiviral, strengthens Merck's expanding respiratory portfolio[1]
- Merck expected to book an acquired R&D charge of about $9.0 billion, or $3.65 per share, in 2026, which CNBC later cited as part of the year's reduced profit outlook[1][2]
- CD388 is being evaluated for preventing symptomatic influenza in certain people at high risk of complications[1]
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References 387% CONFIDENCEOverall confidence: 87%How well the pin's source and references back up its dates.Weighted average of how firmly 3 references, the source included, support the pin's start and end times; a reference counts half as much for every 180 days older than the newestShow all pins at 75% confidence or better
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- [1]90%merck.com/news/merck-to-complete-acquisition-of-cidara-therapeuticsmerck.com· Posted Oct 4, 2026· Starts Jan 7, 2026 ✓· 39% of score
Merck's[3] release, dated January 7, 2026, says it 'today announced the successful completion of the cash tender offer' for Cidara, with the tender expiring 11:59 p.m. ET on January 6.
- [2]85%Merck hikes revenue outlook as new drug sales grow, but cuts profit guidance due to deal charges - CNBCcnbc.com· Published Aug 4, 2026· 31% of score
Cites the $9 billion Cidara charge in 2026 guidance.[1]
- [3]85%Merck Announces Second-Quarter 2026 Financial Results - Merck.commerck.com· Published Aug 4, 2026· 31% of score
Merck's[1] own results release covering the year's deals.
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