The collaboration grants Merck the option to license exclusive worldwide intellectual property rights to products developed using Dragonfly’s TriNKET™ technology platform for a number of solid-tumor programs, with the potential to earn Dragonfly up to $695 million in up front and milestone payments per program as well as royalties on sales of approved products. 

“Merck is a world leader in solid-tumor cancer therapies and has a demonstrated history of delivering breakthrough treatment options for patients,” said Bill Haney, co-founder and chief executive officer of Dragonfly Therapeutics. “We’re excited to work with Merck to accelerate bringing drug candidates developed using our innovative TriNKET™ technology platform to patients with a number of solid tumor malignancies.”