Pharmaceutical company Merck, of Kenilworth, N.J., announced on Dec. 18 it has paid about $110 million, plus up to $265 million in milestone-related payments, for a subsidiary to acquire Lausanne, Switzerland-based oncological drug maker OncoEthix, and its cancer-treating drug OTX015.
Global Benefits Acquired
Insurance firm Brown & Brown Inc., in Daytona Beach, Fla., announced on Dec. 23 that its Brown & Brown Metro Inc., division, which has an office in Florham Park, N.J., has acquired assets of Global Benefit Strategies, a provider of employee benefits in Morristown, N.J.
Lightstone Group Acquires Hotels
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