Welcome to our dedicated page for Merck & news (Ticker: MRK), a resource for investors and traders seeking the latest updates and insights on Merck & stock.
Merck & Co., Inc. reports news across a global pharmaceutical business known as MSD outside the United States and Canada. Company updates center on human health products for areas such as oncology, cardiometabolic disease and infections; vaccines including Gardasil; and Merck Animal Health medicines, devices and customer-support systems.
Recurring developments include FDA approvals, clinical and regulatory disclosures, research publications, pipeline additions, business development transactions, material agreements, capital-structure updates, governance matters, and operating and financial results. Recent themes include the approved HIV-1 regimen IDVYNSO, investigational programs such as enlicitide decanoate and TERN-701, technology partnerships for research, manufacturing and commercial functions, and animal health digital engagement initiatives.
Daiichi Sankyo (TSE: 4568) and Merck (NYSE: MRK) have expanded their global collaboration to include MK-6070, an investigational DLL3-targeting T-cell engager. The companies will jointly develop and commercialize MK-6070 worldwide, except in Japan where Merck retains exclusive rights. This agreement builds on their existing partnership for three DXd antibody drug conjugates.
MK-6070 targets DLL3, highly expressed in small cell lung cancer (SCLC) and neuroendocrine tumors. The companies plan to evaluate MK-6070 in combination with ifinatamab deruxtecan (I-DXd) for SCLC patients. Merck will receive a $170 million upfront payment, and the companies will share R&D costs, commercialization expenses, and profits globally, except in Japan.
Daiichi Sankyo and Merck have initiated the IDeate-Lung02 phase 3 trial for ifinatamab deruxtecan (I-DXd) in patients with relapsed small cell lung cancer (SCLC). This trial will evaluate the efficacy and safety of I-DXd compared to physician's choice of chemotherapy. I-DXd is a potential first-in-class B7-H3 directed antibody drug conjugate (ADC) jointly developed by both companies.
SCLC is an aggressive form of lung cancer with poor prognosis, accounting for 15% of lung cancer cases. The trial's initiation is based on promising results from a subgroup analysis of the IDeate-PanTumor01 phase 1/2 trial presented at the 2023 World Conference on Lung Cancer. This marks the second pivotal study in the Daiichi Sankyo-Merck collaboration, following the REJOICE-Ovarian01 phase 2/3 study for raludotatug deruxtecan.
Merck (NYSE: MRK) reported strong second-quarter 2024 financial results with total worldwide sales of $16.1 billion, a 7% increase year-over-year. Excluding foreign exchange impacts, growth was 11%. KEYTRUDA sales grew 16% to $7.3 billion. GAAP EPS was $2.14, while Non-GAAP EPS was $2.28. The company successfully launched WINREVAIR in the US and received a positive EU opinion for adults with PAH. Merck also achieved significant milestones with its vaccines and announced positive trial results for clesrovimab.
Merck completed acquisitions of EyeBio and Elanco’s Aqua Business and raised its full-year 2024 financial outlook to $63.4-$64.4 billion in sales and expects Non-GAAP EPS between $7.94 and $8.04. The outlook reflects a one-time charge of $1.3 billion for the EyeBio acquisition.
Quarterly results highlighted a 7% increase in pharmaceutical sales driven by oncology, cardiovascular, and vaccine growth, despite declines in diabetes and virology segments. Animal Health sales rose 2%, with notable increases in Livestock products. GAAP net income was $5.46 billion compared to a loss of $5.98 billion last year.
Merck (NYSE: MRK) received a positive opinion from the European Medicines Agency's CHMP for KEYTRUDA in combination with Padcev as a first-line treatment for unresectable or metastatic urothelial carcinoma. The recommendation is based on the Phase 3 KEYNOTE-A39 trial, which showed significant improvements in overall survival and progression-free survival compared to platinum-based chemotherapy:
- 53% reduction in risk of death
- 55% reduction in risk of disease progression or death
A final decision by the European Commission is expected in Q3 2024. If approved, this will be KEYTRUDA's third bladder cancer indication in the EU. The combination was already approved in the U.S. in December 2023.
Merck (NYSE: MRK) has announced its quarterly dividend for the fourth quarter of 2024. The Board of Directors has declared a dividend of $0.77 per share of the company's common stock. This dividend will be paid on October 7, 2024, to shareholders who are on record at the close of business on September 16, 2024. Merck, also known as MSD outside of the United States and Canada, continues to provide returns to its shareholders through consistent dividend payments, demonstrating the company's financial stability and commitment to investor value.
Merck (NYSE: MRK) has announced positive topline results from its Phase 2b/3 clinical trial of clesrovimab (MK-1654), an investigational monoclonal antibody designed to protect infants from respiratory syncytial virus (RSV) disease. The trial met all primary safety and efficacy endpoints, including reducing medically attended lower respiratory infections (MALRI) caused by RSV through Day 150.
Merck plans to present detailed findings at an upcoming scientific congress and file the data with global regulatory authorities. Dr. Paula Annunziato, senior vice president at Merck Research Laboratories, emphasized the significance of these results, noting that RSV is the leading cause of hospitalization for healthy infants globally.
Merck's commitment to health equity is highlighted through the story of Priya Agrawal, the company's vice president of health equity and partnerships. Agrawal's personal experiences with health disparities in her family motivated her career in medicine and public health. She joined Merck to launch Merck for Mothers, a global initiative aimed at reducing maternal mortality. Her career at Merck has included roles such as lead of vaccines and contraceptives in the UK, managing director for South Africa and Sub-Saharan Africa, and global head of HPV vaccines. Agrawal's ongoing mission is to advance health equity and improve access to healthcare globally.
Merck (NYSE: MRK) has announced its participation in the 25th International AIDS Conference (AIDS 2024) in Munich, Germany, from July 22-26, 2024. The company will present new research findings, including Phase 1 results on potential drug interactions between its novel HIV treatment MK-8527 and oral contraceptives.
Merck will host two symposia: one on overcoming HIV-related stigma (July 23) and another on the evolving importance of choice in HIV treatment and prevention (July 24). The company will also present several abstracts covering topics such as drug resistance, PrEP preferences, and the impact of weight gain on quality of life for people with HIV.
This participation underscores Merck's 35-year commitment to HIV research and innovation, aiming to address ongoing challenges and unmet needs in the global HIV community.
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.