Financials
Cash Data
- Cash FlowProfitable
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Key Stats
Upcoming Catalysts
FDA decisions, readouts and PDUFA dates · scored by probability of approval
MRK Catalyst Timeline
Dated clinical, regulatory and corporate events for Merck & Company, Inc.
Catalyst Timeline
Dated clinical, regulatory & corporate events for Merck & Company, Inc.
Upcoming catalysts 2
Event history 50
Past FDA Catalysts and PDUFA Decisions
How MRK actually traded into and out of each decision
| Date | Drug | Catalyst | Stage | Reaction | Event Move % | Best Trade % |
|---|---|---|---|---|---|---|
| 2026-11-08 | Alimatravir (AMI; MK-8527) | Phase 1 data presentation | Phase 1 |
Drug Pipeline Intelligence
| Product | Revenue | Prior period | Change |
|---|---|---|---|
| Keytruda | |||
| Gardasil/Gardasil | |||
| Livestock | |||
| Companion Animal | |||
| ProQuad MMR II Varivax | |||
| Winrevair | |||
| Bridion | |||
| Keytruda Qlex | |||
| Prevymis | |||
| Januvia | |||
| Welireg | |||
| Capvaxive |
| Drug | Indication | Phase | PTRS | rNPV | Status | Enroll | Velocity | Design | Est. Completion | ML Signal | Last Change |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MK-8527 Small MoleculesNCT07044297 | Human Immunodeficiency Virus | Phase 3 | ACTIVE NOT_RECRUITING | 9,035 | Jul 22, 2027 | ||||||
| Alimatravir Small MoleculesNCT07850609 | HIV | Phase 2 | RECRUITING | 80 | Dec 2, 2027 | ||||||
| Calderasib Small MoleculesNCT06997497 | Colon Adenocarcinoma | Phase 3 | RECRUITING | 477 | Oct 27, 2030 | ||||||
| Calderasib Small MoleculesNCT07286149 | Lung Neoplasm Malignant | Phase 1/2 | RECRUITING | 140 | Apr 13, 2032 | ||||||
| Calderasib Small MoleculesNCT07252739 | Malignant Neoplasm | Phase 2 | RECRUITING | 290 | May 31, 2032 | ||||||
| Calderasib Small MoleculesNCT05067283 | Advanced Solid Tumors | Phase 1 | RECRUITING | 830 | Feb 25, 2030 | ||||||
| Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT06203210 | Small Cell Lung Cancer | Phase 3 | RECRUITING | 540 | Dec 1, 2029 | ||||||
| Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT06644781 | Esophageal Squamous Cell Carcinoma | Phase 3 | RECRUITING | 510 | Nov 1, 2029 | ||||||
| Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT06925737 | Prostate Cancer | Phase 3 | RECRUITING | 1,440 | Jan 6, 2031 | ||||||
| Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT07405151 | Oesophageal Squamous Cell Carcinoma | Phase 1/2 | RECRUITING | 60 | Jun 12, 2028 | ||||||
| Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT06362252 | Extensive Stage-small Cell Lung Cancer | Phase 1/2 | RECRUITING | 123 | Feb 20, 2028 | ||||||
| Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT06330064 | Recurrent or Metastatic Solid Tumors | Phase 1/2 | RECRUITING | 680 | Jul 25, 2028 | ||||||
| Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT04145622 | Advanced Solid Tumor | Phase 1/2 | ACTIVE NOT_RECRUITING | 247 | Oct 31, 2029 | ||||||
| Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT06863272 | Castration-Resistant Prostatic Cancer | Phase 1/2 | RECRUITING | 360 | Oct 1, 2031 | ||||||
| Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT07630974 | Malignant Neoplasm | Phase 1/2 | RECRUITING | 134 | Aug 17, 2031 | ||||||
| ISL Small MoleculesNCT06891066 | Human Immunodeficiency Virus Type 1 (HIV-1) Infection | Phase 2/3 | ACTIVE NOT_RECRUITING | 720 | Sep 30, 2031 | ||||||
| Gocatamig BiologicsNCT04471727 | Small Cell Lung Cancer | Phase 3 | ACTIVE NOT_RECRUITING | 1,123 | Jan 28, 2028 | ||||||
| Gocatamig BiologicsNCT07227597 | Small Cell Lung Cancer Extensive Stage | Phase 1/2 | RECRUITING | 170 | Dec 30, 2030 | ||||||
| Intismeran autogene RNA-Based TherapiesNCT05933577 | Melanoma | Phase 3 | ACTIVE NOT_RECRUITING | 1,089 | Sep 26, 2030 | ||||||
| Intismeran autogene RNA-Based TherapiesNCT06077760 | Non-small Cell Lung Cancer | Phase 3 | ACTIVE NOT_RECRUITING | 1,744 | Dec 21, 2035 | ||||||
| Intismeran autogene RNA-Based TherapiesNCT06833073 | Urinary Bladder Neoplasms | Phase 2 | RECRUITING | 308 | Sep 3, 2031 | ||||||
| Intismeran autogene RNA-Based TherapiesNCT07221474 | Squamous Non-small Cell Lung Cancer | Phase 2 | RECRUITING | 180 | May 6, 2031 | ||||||
| Intismeran autogene RNA-Based TherapiesNCT06307431 | Renal Cell Carcinoma | Phase 2 | ACTIVE NOT_RECRUITING | 272 | Jun 8, 2032 | ||||||
| Intismeran autogene RNA-Based TherapiesNCT06961006 | Malignant Melanoma | Phase 2 | ACTIVE NOT_RECRUITING | 160 | Sep 5, 2031 | ||||||
| Opevesostat Small MoleculesNCT06136650 | Metastatic Castration-resistant Prostate Cancer (mCRPC) | Phase 3 | RECRUITING | 1,314 | Dec 2, 2030 |
Clinical Trial Results
Readouts, endpoints and source filings for every MRK program
| Drug Name | Indication | Phase | Date | Trial Results Summary | Title | Source |
|---|---|---|---|---|---|---|
| efinopegdutide Fast Track | metabolic dysfunction-associated steatohepatitis (MASH) and stage 2-3 fibrosis | Phase 2b | 2026-11-09 | MASH resolution: 4 mg 56% (p<0.0001), 7 mg 63% (p<0.0001), 10 mg 61% (p<0.0001), placebo 13%; fibrosis improvement: 4 mg 43%, 7 mg 52%, 10 mg 34%, placebo 21%; nausea: 4 mg 29%, 7 mg 39%, 10 mg 44%, semaglutide 39%, placebo 11%; diarrhea: 4 mg 29%, 7 mg 26%, 10 mg 22%, semaglutide 22%, placebo 20%; vomiting: 4 mg 20%, 7 mg 8%, 10 mg 28%, semaglutide 15%, placebo 3%; discontinuations due to adverse events: 4 mg 3%, 7 mg 4%, 10 mg 11%, semaglutide 1%, placebo 1%Read More | Merck Announces Positive Results from Phase 2b Trial of Efinopegdutide in Adults with Metabolic Dysfunction-Associated Steatohepatitis (MASH) and Stage 2-3 FibrosisRead More |
Inside Trades
| Insider | Side | Shares | Price | Value | Date |
|---|---|---|---|---|---|
| Guindo ChirfiOfficer (EVP, Access, Policy & Comms) | Sell | -10,000 36,613.127 held | $135.00 | 08/13/2026 |
Hedge Fund 13F Activity
Hedge Funds invested in MRK
| Fund | % of Portfolio | Current MV | Shares Owned | Activity |
|---|---|---|---|---|
| ORBIMED ADVISORS LLC | 1.6 % | 85.25 M | 663.40 K |
Ownership Trends
MRK Short Interest
Shares sold short, counted twice a month.
Options Data
Option Volume
Option Chain Statistics
| Expiry | Call Vol | Put Vol | Vol P/C | Call OI | Put OI | OI P/C | IV Call | IV Call OI-Wtd | IV Call Vol-Wtd | IV Put | IV Put OI-Wtd | IV Put Vol-Wtd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-11-13 | ||||||||||||
Real-Time Option Chain
| Calls | Strike | Puts | ||||
|---|---|---|---|---|---|---|
| Last | Vol | OI | Last | Vol | OI | |
| No data available | ||||||
Calls vs Puts by Expiry
Competitive positioning
How MRK ranks across every disease it competes in
MRK News
Merck Receives Positive EU CHMP Opinion to Expand Marketing Authorization for ENFLONSIA® (clesrovimab) to Include Children Up to 24 Months of Age Who Remain Vulnerable to Severe RSV Disease Through Their Second RSV Season
Merck received a positive opinion from the EU CHMP to expand ENFLONSIA's indication for preventing severe RSV disease in children up to 24 months. This recommendation will be reviewed by the European Commission, with a decision expected in two months. ENFLONSIA is the first preventive option for RSV administered without weight-based dosing.
Read more →Merck Receives Positive EU CHMP Opinion for WELIREG® (belzutifan) in Combination With Lenvatinib for Adults With Advanced Renal Cell Carcinoma With a Clear Cell Component (ccRCC) Following Treatment With an Anti-PD-1/PD-L1 Therapy
Merck received a positive opinion from the EU CHMP recommending approval of WELIREG (belzutifan) in combination with lenvatinib for adults with advanced renal cell carcinoma. This regimen demonstrated a significant improvement in progression-free survival in the Phase 3 LITESPARK-011 trial. A final decision from the European Commission is expected within two months.
Read more →Merck to Participate in the Jefferies Global Healthcare Conference in London
Merck announced that Dr. Eliav Barr will participate in a fireside chat at the Jefferies Global Healthcare Conference in London on November 19, 2026. The event will be accessible via a live audio webcast for investors, analysts, and the public. This engagement highlights Merck's commitment to transparency and communication with stakeholders.
Read more →PIMJETMI® (pimicotinib) Developed by Abbisko Therapeutics and Licensed by Merck KGaA, Darmstadt, Germany Receive U.S. FDA Approval for TGCT
The U.S. FDA has approved PIMJETMI® (pimicotinib) for adults with symptomatic tenosynovial giant cell tumor (TGCT). This approval follows prior approvals in China, Canada, and Switzerland, enhancing global access. The treatment demonstrated significant improvements in tumor response and quality of life metrics in clinical trials. Abbisko Therapeutics will receive a milestone payment and royalties from Merck KGaA.
Read more →Philip Seo, MD, Named Editor-in-Chief of The Merck Manuals
Merck Manuals announced the appointment of Philip Seo, MD, as Editor-in-Chief. Dr. Seo aims to enhance the resource's trusted medical information for both healthcare professionals and patients. The Manuals, available in 16 languages, continue to expand their digital offerings, including videos and interactive models, while remaining free of charge.
Read more →Merck Announces Positive Results from Phase 2b Trial of Efinopegdutide in Adults with Metabolic Dysfunction-Associated Steatohepatitis (MASH) and Stage 2-3 Fibrosis
Merck announced positive results from its Phase 2b trial of efinopegdutide for adults with metabolic dysfunction-associated steatohepatitis (MASH) and stage 2-3 fibrosis. The trial demonstrated significant MASH resolution and improvements in liver fibrosis at 52 weeks. Results were presented at The Liver Meeting and published in The Lancet, indicating efinopegdutide's potential as a treatment option.
Read more →Merck Initiates Phase 3 Study Evaluating Ohtuvayre® (ensifentrine) for the Prevention of COPD Exacerbations in Adult Patients Receiving Standard of Care With a History of Exacerbations
Merck has initiated the ENHANCE-3 Phase 3 trial to evaluate OHTUVAYRE (ensifentrine) for preventing COPD exacerbations in adults. The trial will enroll approximately 2,136 patients across 28 countries, focusing on the annualized rate of moderate or severe exacerbations. OHTUVAYRE is the first new inhaled therapy for COPD in over 20 years, combining bronchodilation and anti-inflammatory effects.
Read more →Merck to Present New Data from Its Broad Oral HIV Portfolio and Pipeline at HIV Glasgow 2026
Merck will present new data on its HIV treatment and prevention pipeline at HIV Glasgow 2026. Key highlights include Phase 3 analyses of the investigational once-weekly oral combination of islatravir/lenacapavir and patient-reported outcomes for IDVYNSO. The presentations will emphasize Merck's strategy to enhance oral treatment options for HIV.
Read more →Merck Manuals Helps Patients Navigate the Different Types of Sunscreens
Merck Manuals released an editorial discussing various sunscreen types, emphasizing the recent FDA approval of bemotrizinol. This ingredient offers effective UVA and UVB protection and is more stable in sunlight. The editorial also provides important tips for sunscreen application to enhance skin safety.
Read more →Merck & Co., Inc., Rahway, N.J., USA Announces Third-Quarter 2026 Financial Results; Highlights Multiple Milestones Advancing Broad, Diverse Pipeline
Merck & Co. reported third-quarter 2026 financial results, with total sales of $18.1 billion, a 5% increase. Key products like KEYTRUDA and WINREVAIR showed strong growth, with sales of $8.6 billion and $694 million, respectively. However, GAAP net income fell by 12%, and non-GAAP EPS decreased to $2.49. The company also highlighted significant advancements in its oncology pipeline.
Read more →KEYTRUDA® (pembrolizumab) as Monotherapy Reduced the Risk of Disease Progression or Death by 43% for Certain Patients With Advanced or Recurrent Endometrial Cancer With Mismatch Repair Deficient (dMMR) Tumors Compared to Chemotherapy
Merck announced positive results from the Phase 3 KEYNOTE-C93 trial, showing KEYTRUDA (pembrolizumab) as monotherapy reduced the risk of disease progression or death by 43% in patients with dMMR advanced or recurrent endometrial cancer. The median progression-free survival was 38.2 months, significantly longer than the 8.4 months seen with chemotherapy. These results will be presented at the ESMO Congress 2026.
Read more →Sacituzumab Tirumotecan (Sac-TMT) Reduced the Risk of Death by 32% and the Risk of Disease Progression or Death by 41% Compared to Chemotherapy in Certain Patients With Advanced or Recurrent Endometrial Cancer
Merck announced positive results from the Phase 3 TroFuse-005 trial of sacituzumab tirumotecan (sac-TMT) for advanced endometrial cancer. The trial showed a 32% reduction in death risk and a 41% reduction in disease progression risk compared to chemotherapy. The FDA has accepted a Biologics License Application for priority review.
Read more →Merck and Moderna Will Present Results From Landmark Phase 3 INTerpath-001 Trial for Intismeran Autogene Plus KEYTRUDA® (pembrolizumab) at ESMO 2026 Presidential Symposium
Merck and Moderna reported positive results from the Phase 3 INTerpath-001 trial, showing that intismeran combined with KEYTRUDA significantly reduces the risk of recurrence or death in patients with completely resected stage IIB-IV melanoma. The combination therapy demonstrated a 42% reduction in risk compared to KEYTRUDA alone, with even greater benefits observed after six months. The findings will be presented at the ESMO Congress 2026.
Read more →Merck Collaborates with NVIDIA, Microsoft and Dawn Health to Develop Novel Support Model for People Living with Rare Tumors
Merck has partnered with NVIDIA, Microsoft, and Dawn Health to create an innovative Patient Support Program for individuals with rare tumors. This collaboration focuses on utilizing AI technology to deliver personalized and continuous support, particularly for patients with desmoid tumors and neurofibromatosis type 1. The program aims to address the complex treatment pathways and high unmet needs in these patient populations.
Read more →European Commission Approves KEYTRUDA® (pembrolizumab) Plus Padcev® (enfortumab vedotin-ejfv) as Perioperative Treatment for Adults With Resectable Muscle-Invasive Bladder Cancer (MIBC)
The European Commission has approved KEYTRUDA® (pembrolizumab) in combination with Padcev® (enfortumab vedotin-ejfv) for adults with resectable muscle-invasive bladder cancer (MIBC). This marks the first PD-1 inhibitor plus antibody-drug conjugate regimen available in the EU for MIBC patients, regardless of cisplatin eligibility. The approval is based on positive results from the Phase 3 KEYNOTE-B15 trial.
Read more →Merck Inaugurates State-of-the-Art ADVANCE Bioanalytical Facility on West Point, Pennsylvania, Campus
Merck has inaugurated its ADVANCE bioanalytical facility in West Point, Pennsylvania, with a $550 million investment aimed at enhancing its research and development capabilities. The facility will streamline the analysis of biological samples and support a diverse pipeline of clinical programs. This expansion is part of Merck's broader commitment to domestic manufacturing and innovation in the life sciences sector.
Read more →Paul J. Diaz Elected to Merck & Co., Inc., Rahway, N.J., USA Board of Directors
Merck & Co., Inc. has elected Paul J. Diaz to its Board of Directors, effective November 1, 2026. Diaz, a managing partner at Cressey & Company, has significant experience in the healthcare sector, previously serving as CEO of Myriad Genetics and Kindred Healthcare. He will be up for election by shareholders in May 2027.
Read more →Merck Showcases First-Time Pivotal Phase 3 Results From Oncology Pipeline and Continued Innovative Potential of Existing Portfolio at ESMO 2026
Merck (MRK) announced the presentation of first-time pivotal Phase 3 results for its oncology pipeline at the ESMO 2026 Congress. Key studies include the INTerpath-001 trial showing improved survival rates for melanoma patients treated with intismeran autogene plus KEYTRUDA, and the TroFuse-005 trial demonstrating efficacy in advanced endometrial cancer. The company also highlighted its extensive oncology portfolio with over 90 abstracts to be presented.
Read more →Merck Presents One-Year Results from the Pivotal Phase 2b/3 BRUNELLO Study Evaluating Remigromig, a Tri-specific Agonist of the Wingless-related Integration Site (Wnt) Pathway, in Adults with Diabetic Macular Edema at AAO 2026
Merck presented one-year results from the pivotal Phase 2b/3 BRUNELLO study, showing that remigromig, a novel tri-specific antibody, achieved non-inferior visual acuity compared to ranibizumab in diabetic macular edema patients. While both doses were well tolerated, remigromig was associated with higher rates of proliferative diabetic retinopathy. The findings support further evaluation of this new treatment approach.
Read more →Merck to Hold Third-Quarter 2026 Sales and Earnings Conference Call Oct. 29
Merck will conduct a conference call on October 29, 2026, to discuss its sales and earnings for the third quarter. This event aims to provide insights into the company's financial performance and future outlook. Stakeholders and investors are encouraged to participate for detailed updates.
Read more →