Merck KGaA Nears Deal to Buy SpringWorks Therapeutics

Merck KGaA headquarters in Darmstadt, Germany.

Photographer: Jacobia Dahm/Bloomberg
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Merck KGaA is nearing a deal to acquire SpringWorks Therapeutics Inc., people familiar with the matter said.

An announcement may come as soon as Monday, the people said, asking not to be identified discussing confidential information. A deal could value SpringWorks at about $3.5 billion, according to one of the people.