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Merck & Company, Inc.

MRKFDA catalysts, PDUFA dates & pipeline intelligence
$147.76
▲ +0.81 · +0.55%

Financials

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Revenue
R&D Expenses
Operating CF
Total Assets
Total Liabilities
Equity
Shares Out.
D/E Ratio
Quarterly Cash
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52W LOW $91.4952W HIGH $156.92
Volume
6.51 M
Value Traded
958.21 M
Short % Float
1.08%
Days to Cover
2.4
-0.67%Week
+1.77%1 Month
+8.67%3 Month
+31.27%6 Month
+60.61%5 Year
+8,098.03%All Time

Cash Data

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  • SEC Filing

Key Stats

Market Cap
364.26 B
EPS (TTM)
0.99
P/E Ratio
148.50
Ent. Value
402.70 B
Total Shares
2.47 B
Float Shares
2.46 B
Insiders
0.10%
Institutions
82.98%

Upcoming Catalysts

FDA decisions, readouts and PDUFA dates · scored by probability of approval

Catalyst Drug / Treatment Stage Prob. of Approval Description Drug Type Therapeutic Area Source
PDUFA Date
ENFLONSIA (clesrovimab-cfor)
prevention of respiratory syncytial virus (RSV) lower respiratory tract disease in children under two years of age at increased risk for severe RSV disease through their second RSV season
sBLABiologicsRespiratory System
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Every FDA decision, readout and PDUFA date, with drug type, therapeutic area and a PoA score you can trade on.
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PoA blends historical approval base rates, trial design score and FDA review track record.

MRK Catalyst Timeline

Dated clinical, regulatory and corporate events for Merck & Company, Inc.

Catalyst Timeline

Dated clinical, regulatory & corporate events for Merck & Company, Inc.

566Total events
28Upcoming
326Tier-1 (high impact)
2018 to 2027Coverage

Upcoming catalysts 2

T1EU Approval
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PembrolizumabApproved
T2R&D Day
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Event history 50

▲Secondary Endpoint DataEfinopegdutideClinical Data
Meaningful fibrosis improvement (≥1 stage without worsening of steatohepatitis) at Week 52 with efinopegdutide
MASH with stage F2 or F3 liver fibrosissource ↗
▲Primary Endpoint MetEfinopegdutideClinical Data
Efinopegdutide met primary endpoint of MASH resolution without worsening of fibrosis at 52 weeks in Phase 2b MK-6024-013
MASH with stage F2 or F3 liver fibrosissource ↗
▲Late-BreakerEfinopegdutidePresentation
Efinopegdutide Phase 2b results presented in late-breaking abstract session at The Liver Meeting in Denver
MASH with stage F2 or F3 liver fibrosissource ↗
●Safety Data UpdateEfinopegdutideClinical Data
Safety data from Phase 2b MK-6024-013 for efinopegdutide
MASH with stage F2 or F3 liver fibrosissource ↗
▲PublicationEfinopegdutidePresentation
Phase 2b efinopegdutide results published in The Lancet
MASH with stage F2 or F3 liver fibrosissource ↗
●Trial InitiationOHTUVAYREApprovedTrial
Merck initiates Phase 3 ENHANCE-3 trial of OHTUVAYRE for prevention of COPD exacerbations
COPD exacerbationssource ↗
●Enrollment UpdateOHTUVAYREApprovedTrial
Recruitment begins and first patients enrolling in ENHANCE-3 in the United States
COPD exacerbationssource ↗
●Quarterly UpdateCorporate
Merck reports third-quarter 2026 financial results
▲Primary Endpoint MetPembrolizumabApprovedClinical Data
KEYNOTE-C93 met primary PFS endpoint, 43% reduction in risk of progression or death vs chemotherapy
mismatch repair deficient (dMMR) advanced or recurrent endometrial cancersource ↗
▲FDA Filing Acceptedsac-TMTFiledRegulatory Filing
FDA accepted for priority review the BLA for sac-TMT in previously treated endometrial cancer
advanced or recurrent endometrial cancersource ↗
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Every PDUFA date, readout, approval and corporate move, tiered by market impact and updated daily.
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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 %
2026-11-08Alimatravir (AMI; MK-8527) Phase 1 data presentation Phase 1
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Reaction: 30 trading days around the event · Event Move: close to close on decision day · Best Trade: peak run-up from entry 10 days before the decision

Drug Pipeline Intelligence

Pipeline Score
Pipeline Value
Commercial Value
Valuation Signal
90
Drugs Scored
rNPV / MCap
Top Drug
Top 1%
Large Pharma
(rank 1 of 687)
Percentile Rank
Commercial products (revenue basis: trailing 4 quarters of total revenue (10-K and 10-Q), to Sep 2026; product lines: last four quarters to Sep 2026 (10-K and 10-Q))
ProductRevenuePrior periodChange
Keytruda
Gardasil/Gardasil
Livestock
Companion Animal
ProQuad MMR II Varivax
Winrevair
Bridion
Keytruda Qlex
Prevymis
Januvia
Welireg
Capvaxive
Top 12 of 22 product lines shown.
Showing 89 of 1212 assets
DrugIndicationPhasePTRSrNPVStatusEnrollVelocityDesignEst. CompletionML SignalLast Change
MK-8527 Small MoleculesNCT07044297Human Immunodeficiency VirusPhase 3 ACTIVE NOT_RECRUITING 9,035Jul 22, 2027
Alimatravir Small MoleculesNCT07850609HIVPhase 2 RECRUITING 80Dec 2, 2027
Calderasib Small MoleculesNCT06997497Colon AdenocarcinomaPhase 3 RECRUITING 477Oct 27, 2030
Calderasib Small MoleculesNCT07286149Lung Neoplasm MalignantPhase 1/2 RECRUITING 140Apr 13, 2032
Calderasib Small MoleculesNCT07252739Malignant NeoplasmPhase 2 RECRUITING 290May 31, 2032
Calderasib Small MoleculesNCT05067283Advanced Solid TumorsPhase 1 RECRUITING 830Feb 25, 2030
Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT06203210Small Cell Lung CancerPhase 3 RECRUITING 540Dec 1, 2029
Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT06644781Esophageal Squamous Cell CarcinomaPhase 3 RECRUITING 510Nov 1, 2029
Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT06925737Prostate CancerPhase 3 RECRUITING 1,440Jan 6, 2031
Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT07405151Oesophageal Squamous Cell CarcinomaPhase 1/2 RECRUITING 60Jun 12, 2028
Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT06362252Extensive Stage-small Cell Lung CancerPhase 1/2 RECRUITING 123Feb 20, 2028
Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT06330064Recurrent or Metastatic Solid TumorsPhase 1/2 RECRUITING 680Jul 25, 2028
Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT04145622Advanced Solid TumorPhase 1/2 ACTIVE NOT_RECRUITING 247Oct 31, 2029
Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT06863272Castration-Resistant Prostatic CancerPhase 1/2 RECRUITING 360Oct 1, 2031
Ifinatamab Deruxtecan Antibody-Drug Conjugates (ADCs)NCT07630974Malignant NeoplasmPhase 1/2 RECRUITING 134Aug 17, 2031
ISL Small MoleculesNCT06891066Human Immunodeficiency Virus Type 1 (HIV-1) InfectionPhase 2/3 ACTIVE NOT_RECRUITING 720Sep 30, 2031
Gocatamig BiologicsNCT04471727Small Cell Lung CancerPhase 3 ACTIVE NOT_RECRUITING 1,123Jan 28, 2028
Gocatamig BiologicsNCT07227597Small Cell Lung Cancer Extensive StagePhase 1/2 RECRUITING 170Dec 30, 2030
Intismeran autogene RNA-Based TherapiesNCT05933577MelanomaPhase 3 ACTIVE NOT_RECRUITING 1,089Sep 26, 2030
Intismeran autogene RNA-Based TherapiesNCT06077760Non-small Cell Lung CancerPhase 3 ACTIVE NOT_RECRUITING 1,744Dec 21, 2035
Intismeran autogene RNA-Based TherapiesNCT06833073Urinary Bladder NeoplasmsPhase 2 RECRUITING 308Sep 3, 2031
Intismeran autogene RNA-Based TherapiesNCT07221474Squamous Non-small Cell Lung CancerPhase 2 RECRUITING 180May 6, 2031
Intismeran autogene RNA-Based TherapiesNCT06307431Renal Cell CarcinomaPhase 2 ACTIVE NOT_RECRUITING 272Jun 8, 2032
Intismeran autogene RNA-Based TherapiesNCT06961006Malignant MelanomaPhase 2 ACTIVE NOT_RECRUITING 160Sep 5, 2031
Opevesostat Small MoleculesNCT06136650Metastatic Castration-resistant Prostate Cancer (mCRPC)Phase 3 RECRUITING 1,314Dec 2, 2030
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Clinical Trial Results

Readouts, endpoints and source filings for every MRK program

Drug Name Indication Phase Date Trial Results SummaryTitleSource
efinopegdutide
Fast Track
metabolic dysfunction-associated steatohepatitis (MASH) and stage 2-3 fibrosisPhase 2b2026-11-09MASH 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 MoreMerck Announces Positive Results from Phase 2b Trial of Efinopegdutide in Adults with Metabolic Dysfunction-Associated Steatohepatitis (MASH) and Stage 2-3 FibrosisRead More
Scroll for more · summaries link to the source press release
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Inside Trades

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Monthly insider buys and sells against the stock price, with the insider sentiment reading.
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InsiderSideSharesPriceValueDate
Guindo ChirfiOfficer (EVP, Access, Policy & Comms)Sell -10,000 36,613.127 held$135.00 08/13/2026
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Hedge Fund 13F Activity

Fund % of Portfolio Current MV Shares Owned Activity
ORBIMED ADVISORS LLC 1.6 % 85.25 M 663.40 K
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Shares held by hedge funds each quarter, and who bought or sold.

Ownership Trends

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Insider and institutional ownership, quarter by quarter.

MRK Short Interest

Shares sold short, counted twice a month.

1.08%
Short % of Float
of tradable shares sold short
26.6M
Shares Sold Short
-0.8% vs prior count
2.4 Moderate
Days to Cover
trading days of normal volume to buy every short share back
11.3M
Avg Daily Volume
the average used for days to cover
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Two years of days to cover and shares sold short, with every count and its change.
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Options Data

Option Volume

Open Interest
Call OI
Put OI
Put-Call Ratio
OI 30-day avg
Today vs avg
Option Volume
Call Vol
Put Vol
Put-Call Ratio
Vol 30-day avg
Today vs avg

Option Chain Statistics

ExpiryCall VolPut VolVol P/CCall OIPut OIOI P/CIV CallIV Call OI-WtdIV Call Vol-WtdIV PutIV Put OI-WtdIV Put Vol-Wtd
2026-11-13
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Per-expiry call and put volume, open interest, put-call ratios and implied volatility.
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Real-Time Option Chain

CallsStrikePuts
LastVolOILastVolOI
No data available
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Calls vs Puts by Expiry

CallsPutsLog scale
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Competitive positioning

How MRK ranks across every disease it competes in

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See how MRK ranks against every competitor across each disease it develops in: phase, best drug, trials and likelihood of approval.
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MRK News

MRK
Nov 13, 2026
MRKFDA Updates
▲ +0.6%today

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 →
MRK
Nov 13, 2026
MRKFDA Updates
▲ +0.6%today

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.

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MRK
Nov 12, 2026
MRKConferences/Events
▲ +0.6%today

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.

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MRK
Nov 11, 2026
MRKFDA Updates
▲ +0.6%today

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.

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MRK
Nov 10, 2026
MRKGeneral
▲ +0.6%today

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.

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MRK
Nov 9, 2026
MRKPhases

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 →
MRK
Nov 3, 2026
MRKPhases

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.

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MRK
Nov 2, 2026
MRKConferences/Events

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.

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MRK
Oct 29, 2026
MRKGeneral

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.

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MRK
Oct 29, 2026
MRKGeneral

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.

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MRK
Oct 26, 2026
MRKPhases

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.

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MRK
Oct 26, 2026
MRKFDA Updates

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.

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MRK
Oct 22, 2026
MRKPhases

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.

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MRK
Oct 21, 2026
MRKGeneral

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.

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MRK
Oct 21, 2026
MRKFDA Updates

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.

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MRK
Oct 14, 2026
MRKGeneral

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.

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MRK
Oct 13, 2026
MRKGeneral

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.

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MRK
Oct 13, 2026
MRKPhases

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.

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MRK
Oct 10, 2026
MRKPhases

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.

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MRK
Oct 1, 2026
MRKConferences/Events

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.

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About Merck & Company, Inc.

Rahway, NJ 75,000 employees merck.com
Headquarters126 EAST LINCOLN AVENUE, RAHWAY, NJ, 07065
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