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Merck’s COVID-19 pill to launch in weeks

Authored by TD Markets
26.11.2021
Market Overview
0
2 min

Merck & Co. (MRK)

One of the big drivers for the increase in price over the last couple of months for the pharmaceutical company has been the development of the COVID-19 pill that as been under development. 

The European Medicines Agency is currently busy reviewing the pill and should give an opinion within weeks. The EMA recommended that the drug be distributed to adulsts with symptoms at high risk of severe disease. The FDA will begin its revew from 30 November as it is set for review.

Health Canada granted conditional approval for the combination of its anti-PD-1 therapy in combination with chemotherapy for adults with triple-negative breast cancer. The decision came after phase 3 Keynote-355 trial where the results were released in July of this year, the FDA also approved the drug in November.

The aquisition of Acceleron Pharma allows the company to grow on its cardiovascular portfolio, to hep further build on their business development strategy.

The plethora of growth opportunities and development that the company invested in just over the course of november gives a strong foundation leading up to the festive season and new year.

Technically the chart is still holding a firm trend as it held the 50-day moving average following a consolidation after a recent selloff that was experienced as the acquisition of Acceleron Pharmaceuticals. A clear break of $84 should add to the momentum to drive the share price to new all time highs over the coming months.

Authored by TD Markets
26.11.2021
Market Overview
0
2 min
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