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Merck And Co

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Merck’s $3B Eye Drug Hits Primary Goal but Raises Safety Concerns

Merck’s $3B Eye Drug Hits Primary Goal but Raises Safety Concerns

Merck & Co. reported that its trispecific drug remigromig met its primary endpoint in the Brunello phase 2b/3 trial for diabetic macular edema (DME). The drug, acquired from EyeBio in a deal valued at up to $3 billion, demonstrated non-inferiority to the standard VEGF inhibitor ranibizumab at Week 52. While the results support the hypothesis that targeting the Wnt signaling pathway can improve visual outcomes, the trial revealed higher rates of adverse events, including proliferative diabetic retinopathy and vitreous hemorrhage, compared to the control. Merck plans to present these data at the American Academy of Ophthalmology Annual Meeting next month and is conducting further analyses to characterize the safety findings. A second trial for DME is ongoing and scheduled for primary completion in March 2027. The company is positioning remigromig as a complementary therapy for patients who do not respond to existing VEGF inhibitors, aiming to diversify its pipeline beyond Keytruda.

"Merck's Acquisition of Harpoon Therapeutics Sends Ripples Through Oncology Market"
business-healthcare2 years ago

"Merck's Acquisition of Harpoon Therapeutics Sends Ripples Through Oncology Market"

Merck & Co. is in advanced talks to acquire cancer drugmaker Harpoon Therapeutics Inc. for $680 million, aiming to strengthen its position in the oncology market. The acquisition comes as Merck seeks new sources of growth, particularly as its top-selling medicine, Keytruda, faces potential pricing pressure. The deal is part of Merck's strategy to expand its portfolio of cancer drugs, with the company raising its long-term sales outlook for its pipeline of experimental cancer drugs to more than $20 billion annually by the mid-2030s.

Stocks on the move: Coinbase crashes while GitLab and crypto rally
finance3 years ago

Stocks on the move: Coinbase crashes while GitLab and crypto rally

Thor Industries and Winnebago Industries stocks rose after Thor reported better-than-expected earnings and raised its full-year outlook. GitLab shares surged following an earnings report that beat expectations. Coinbase shares tumbled after the SEC charged the cryptocurrency exchange with operating an unregistered national securities exchange. Apple's stock fell after mixed reactions to its mixed-reality headset unveiling. Merck & Co. filed a lawsuit against the federal government over the Medicare drug price negotiation program.