Merck KGaA, Takeda Pharmaceutical Co. Ltd. Cancel Development of Cancer Drug

TOKYO, Feb 18 (Reuters) - Merck KGaA (MRCG.DE: Quote, Profile, Research) and Takeda Pharmaceutical Co Ltd (4502.T: Quote, Profile, Research) have decided to terminate the development of cancer drug matuzumab after its mid-stage trials failed to meet expectations, Takeda said on Monday.

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