Welcome to our dedicated page for Merck & Co news (Ticker: MRK), a resource for investors and traders seeking the latest updates and insights on Merck & Co stock.
Merck & Co., Inc. (NYSE: MRK), known as MSD outside the United States and Canada, generates frequent news across human health, animal health and corporate finance. As a research-intensive biopharmaceutical company with more than a century of history developing medicines and vaccines, Merck regularly announces clinical trial milestones, regulatory decisions, business development transactions and capital markets activity.
Recent news highlights include oncology updates from Merck’s extensive KEYTRUDA program, such as positive Phase 3 data in muscle-invasive bladder cancer and new trials in non-small cell lung cancer using combinations like calderasib (MK-1084) with KEYTRUDA QLEX. The company also reports on progress in other therapeutic areas, including pulmonary arterial hypertension with WINREVAIR, Alzheimer’s disease candidates MK-2214 and MK-1167, and cardiovascular research with the oral PCSK9 inhibitor candidate enlicitide.
Investors following MRK news will also see announcements related to Merck Animal Health, such as the conditional U.S. FDA approval of EXZOLT CATTLE-CA1 for the prevention and treatment of New World screwworm larvae and the treatment and control of cattle fever tick, as well as updates on acquisitions like the planned merger with Cidara Therapeutics to add the influenza candidate CD388 to Merck’s respiratory portfolio.
Corporate and financial communications include quarterly earnings calls, participation in major healthcare conferences and disclosures about note offerings under the company’s shelf registration statement. This news page aggregates these developments so readers can review clinical, regulatory, strategic and financial updates related to Merck & Co., Inc. and its MRK stock in one place.
Merck (NYSE: MRK) has completed the acquisition of Eyebiotech (EyeBio), now a wholly-owned subsidiary. This acquisition strengthens Merck's late-stage pipeline by adding Restoret™, a novel candidate for diabetic macular edema (DME) and neovascular age-related macular degeneration (NVAMD). Restoret™, a tetravalent, tri-specific antibody, showed positive results in a Phase 1b/2a study and will advance to a pivotal Phase 2b/3 trial in 2024. The transaction, treated as an asset acquisition, will result in Merck recording a $1.3 billion charge ($0.50 per share) in Q3 2024. Merck will update its financial outlook during its Q2 2024 earnings report on July 30.
Merck Animal Health, a division of Merck & Co., announced the completion of its acquisition of Elanco’s aqua business, strengthening its position in the aquaculture industry. This acquisition includes a diverse portfolio of vaccines, anti-parasitic treatments, water supplements, and nutrition products targeted at both warm and cold water species.
Notably, Merck now owns the CLYNAV® DNA-based vaccine, which protects Atlantic salmon against pancreas disease, and IMVIXA®, an anti-parasitic treatment for sea lice. This move leverages Merck’s capabilities to meet the growing global demand for quality protein and food safety, ensuring enhanced customer benefits and public health protection.
Elanco Animal Health (NYSE: ELAN) has completed the sale of its aqua business to Merck Animal Health (NYSE: MRK) for approximately $1.3 billion in cash. Net proceeds of $1.05-$1.1 billion from this transaction are earmarked for debt reduction in the third quarter of 2024. This move allows Elanco to focus on high-value opportunities in pet health and livestock sustainability, while also enhancing financial flexibility. This transaction, combined with cash flow from operations, is expected to reduce Elanco's total debt by $1.3-$1.4 billion by the end of 2024. The company's net debt to adjusted EBITDA ratio is projected to improve from mid-4x in 2024 to high-3x to low-4x in 2025. Additional details will be provided in the second quarter earnings call in August.
Merck (NYSE: MRK) and Orion announced the mutual exercise of an option, converting their co-development agreement for opevesostat, an investigational CYP11A1 inhibitor for metastatic castration-resistant prostate cancer, into an exclusive global license for Merck.
With this agreement, Merck gains exclusive rights to develop and commercialize opevesostat and other CYP11A1-targeting candidates. Orion is eligible for up to $1.63 billion in milestone payments and tiered royalties from net sales.
Merck will assume all development and commercialization costs, while Orion will manufacture the clinical and commercial supply. The license agreement is anticipated to take effect in Q3 2024, pending regulatory approval.
Merck (NYSE: MRK), known as MSD outside the U.S. and Canada, will host its second-quarter 2024 sales and earnings conference call on July 30 at 9:00 a.m. ET. The call will include a detailed overview of the company's quarterly performance, presented by company executives. Institutional investors, analysts, journalists, and the public can access the live audio webcast through Merck's website. A replay, along with additional financial materials such as the earnings news release, supplemental disclosures, and slides, will also be available online. Participants in the U.S. and Canada can join the call by dialing (800) 779-0641, while international participants can dial (517) 308-9147 using access code 4761229.
Merck announced that the European Medicines Agency's Committee for Medicinal Products for Human Use (CHMP) has recommended the approval of WINREVAIR™ (sotatercept) for treating pulmonary arterial hypertension (PAH) in adults. If approved by the European Commission, WINREVAIR will be the first activin signaling inhibitor therapy for PAH in Europe, potentially expanding treatment options for WHO Functional Class II to III PAH patients. This recommendation is based on the Phase 3 STELLAR trial, which showed significant improvements in exercise capacity and reduced risks of death and clinical worsening events. The European Commission's decision is expected in Q3 2024.
The CDC's Advisory Committee on Immunization Practices (ACIP) has unanimously recommended Merck's CAPVAXIVE™ (Pneumococcal 21-valent Conjugate Vaccine) for adults 65 years and older, as well as adults 19-64 with certain risk conditions.
This recommendation targets individuals who have not previously received a pneumococcal conjugate vaccine or whose vaccination status is unknown. Additionally, those over 65 who have completed their vaccine series with PCV13 and PPSV23 are advised to consider a supplemental dose of CAPVAXIVE.
CAPVAXIVE covers 24 Streptococcus pneumoniae serotypes, addressing invasive disease and pneumonia. It has accelerated approval based on immune response metrics, though continued approval is contingent on further clinical trial results. Final recommendations are pending review by the CDC and the Department of Health and Human Services.
CAPVAXIVE should not be administered to individuals with severe allergic reactions to its components or diphtheria toxoid. Side effects include injection-site pain, fatigue, and headache.
The FDA issued a Complete Response Letter (CRL) for the Biologics License Application (BLA) of patritumab deruxtecan, developed by Daiichi Sankyo and Merck (MRK). This drug aims to treat adult patients with locally advanced or metastatic EGFR-mutated non-small cell lung cancer (NSCLC) who have been treated with at least two systemic therapies.
The CRL arose from inspection findings at a third-party manufacturing facility, not from issues with the drug's efficacy or safety data.
Patritumab deruxtecan showed promising results in the HERTHENA-Lung01 phase 2 trial with an objective response rate of 29.8% and a median duration of response of 6.4 months. The safety profile was consistent with previous trials, although there were some significant treatment-emergent adverse events (TEAEs).
Daiichi Sankyo and Merck are committed to resolving the manufacturing issues and bringing this first-in-class HER3-directed medicine to patients with treatment options.
Merck Animal Health announced the USDA approval of NOBIVAC® NXT Canine Flu H3N2, the first and only canine influenza vaccine utilizing RNA-particle technology. This innovative vaccine is designed to offer a precise immune response, improving protection against the prevalent canine flu virus in the United States. The nonadjuvanted, low volume vaccine is indicated for dogs eight weeks and older and will be available nationwide by late summer. NOBIVAC NXT marks a significant milestone in Merck's commitment to veterinary innovation and preventive care.
Merck has partnered with North Carolina Agricultural and Technical State University (N.C. A&T), the largest historically Black college and university in the U.S., to launch the Merck Biotechnology Learning Center. The 4,025 square-foot facility, located near Merck's Durham and Wilson manufacturing sites, will enhance academic programming and training for biotechnology careers. This collaboration aims to diversify talent, expand local bioeconomy initiatives, and provide advanced discovery opportunities. It also includes training in vaccine manufacturing processes for new and existing employees.