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Merck May Buy Smart Cells for More Than $500 Million, WSJ Says

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Dec. 1 (Bloomberg) -- Merck & Co. may buy SmartCells Inc., the closely-held biotechnology company that is developing a diabetes treatment, for more than $500 million if certain conditions are met, the Wall Street Journal reported, citing an unidentified person familiar with the situation.

The acquisition may be announced tomorrow, the newspaper said.

Story link: {NSN LCS0EV6K50XU<GO>}

To contact the editor responsible for this story: Jeran Wittenstein at jwittenstei1@bloomberg.net

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