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Caroline Litchfield

Caroline Litchfield

Chief Financial Officer, Merck & Co.

Appears in 1 story

Stories

Big pharma's debt-funded biotech buying spree

Money Moves

Oversaw seven-tranche bond sale

Merck borrowed billions in the investment-grade bond market on Monday. The cash refinances its $6.7 billion all-cash purchase of Terns Pharmaceuticals, a small California biotech the company closed on two weeks ago.

Updated 6 days ago