Mexico City: Pharmaceutical company Merck is nearing a roughly USD 6 billion all-cash deal to acquire biotech firm Terns Pharma, âthe â Financial â Times reported on Tuesday, citing people familiar with the matter.The potential acquisition comes as U.S.-based Merck continues to reshape its oncology strategy. The company is in the process â of establishing âa dedicated cancer division centered around its blockbuster drug â Keytruda, as it prepares for the drug’s patent expiration in 2028.Also Read: Merck Cuts 150 Jobs at HPV Vaccine Plant as Global Gardasil Sales Fall 39%Negotiations âbetween the two companies are said to be in advanced stages, with an agreement potentially expected within the next few âdays, the report said on Tuesday.Merck and Terns âPharma did ânot â immediately respond to Reuters’ request for comment.Following the news, shares of Terns Pharma, âwhich focuses on developing treatments for chronic myeloid leukemia, rose approximately 10% in after-hours trading.Also Read: Merck in Talks to Acquire Revolution Medicines in USD 28-32 Billion Oncology Deal