Roche to Halt Lung Cancer Drug Study in Fresh Setback [BNN Bloomberg (Canada)]
Merck & Company, Inc. (new) (MRK)
Last merck & company, inc. (new) earnings: 4/28 06:45 am
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Source: BNN Bloomberg
The medicine, called tiragolumab, was combined with another Roche treatment and chemotherapy in the clinical trial. The trio appeared less effective than Merck & Co.'s best-seller Keytruda and chemotherapy in the test, the Swiss drugmaker said in a statement. The trial failure is the latest in a series of drug-development setbacks for Roche, following disappointments in Alzheimer's disease and in cancer. Chief Executive Officer Thomas Schinecker pledged last year to make the company quicker and more efficient at developing new medicines. The shares dropped as much as 3.2% in early trading in Zurich. Roche has fallen 1.7% so far this year. The experimental treatment that stumbled on Thursday has a checkered history: It failed in a different crucial lung cancer study two years ago, yet last year some accidentally disclosed data hinted that the study might be successful after all. Roche said it will assess whether changes need to be made to other studies of the experimental drug
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MRK
Earnings
- 7/30/24 - Beat
MRK
Sec Filings
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- MRK's page on the SEC website