• Merck KGaA to buy Bio-Techne to boost lab‑tools, cell/gene therapy and precision‑medicine capabilities, aiming for scale as biotech funding slows and R&D spending is expected to recover
  • Merck KGaA would owe a $576.1M break fee to Bio-Techne if the merger ends under certain conditions; Bio-Techne would owe Merck $230.5M per the filing.