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Stealthy Eikon unveils $148M in funding and ex-Merck exec Perlmutter at helm


Stealthy Eikon unveils $148M in funding and ex-Merck exec Perlmutter at helm
Eikon Therapeutics joins a growing number of startups researching how proteins move in cells as a basis for drug discovery. Roger Perlmutter joins Eikon as its CEO just four months after he retired as Merck’s top research executive.
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Eikon Therapeutics, a new biotech startup that uses advanced techniques for visualizing proteins and combines that capability with computational approaches to drug screening , has emerged from stealth with $148 million in funding and a veteran Merck executive at the helm.
The Series A round of funding that Eikon announced Wednesday was led by The Column Group. Roger Perlmutter, the former president of Merck Research Laboratories is the Hayward, California-based startup’s CEO. ....

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Widespread infections early in the year weigh on Merck Q1


New era begins at Merck as pandemic cuts Q1 sales, profit
LINDA A. JOHNSON, AP Medical Writer
April 29, 2021
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FILE - In this Dec. 18, 2014, file photo, a person walks through a Merck company building in Kenilworth, N.J. COVID-19 infections weighed Merck with so many people avoiding visits to hospitals or even the doctor early in the first quarter. The pharmaceutical company on Thursday, April 29, 2021, reported first-quarter earnings of $3.18 billion.Mel Evans/AP
Merck is entering a new era, with sweeping changes across its executive suite and the spinoff off its women s health and other businesses, a bid to enable both resulting companies to grow faster. ....

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