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Merck & Co Inc. (MRK)

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  • Dec. 8, 2014, 7:20 AM
    | 4 Comments
  • Dec. 7, 2014, 5:27 AM
    • Merck (NYSE:MRK) is in talks to buy Cubist Pharmaceuticals (NASDAQ:CBST), in a deal valued at more than $7B, Bloomberg reports.
    • Merck would pay about $100 per share. An offer in that range would represent a 34% premium over Cubist’s closing price on Dec. 5.
    • An agreement could be announced as early as this week.
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  • Dec. 5, 2014, 1:57 PM
    • As expected, the Biotechnology Industry Organization (BIO) gives a resounding thumbs up in support of adding Ebola to the FDA Priority Review Voucher Program Act. Under the act, developers of a vaccine or treatment for a qualified tropical disease receive a voucher for FDA priority review for another product of its choice.
    • Late Wednesday, the U.S. House of Representatives voted unanimously to add Ebola to the Act. Additional refinements to the legislation include making it easier for the Secretary of Health and Human Services to add to the list of qualified diseases, allowing the vouchers to be sold and transferred multiple times and shortening the timeline for notifying the FDA of the intention to use a priority review voucher.
    • The changes bring the tropical diseases priority review voucher program more in line with the rare pediatric disease priority review voucher program.
    • Ebola-related tickers: (GSK +0.2%)(JNJ +0.5%)(MRK +1%)(NLNK +2.2%)(TKMR -1.4%)(HEB +0.6%)(SRPT -0.8%)(BCRX +0.8%)(CMRX +3.2%)
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  • Dec. 5, 2014, 12:48 PM
    • At the Melanoma Bridge conference in Italy, OncoSec Medical (OTCQB:ONCS -1.8%) Chief Scientific Officer Dr. Robert Pierce presented six-month data from the first Phase 2 clinical trial of the company's investigational intratumoral plasmid IL-12 IL-12 electroporation (pIL-12 EP) monotherapy (ImmunoPulse IL-12) in patients with Stage III and IV metastatic melanoma.
    • Tumor response were evaluated using modified RECIST criteria for cutaneous lesions. The primary endpoint was best overall response rate (bORR) by modified RECIST. In the 29 response-evaluable patients, bORR was 31% (9/29) while 14% (4/29) achieved a complete response.
    • Based on these data, the company plans to initiate a Phase 2b trial to evaluate ImmunoPulse IL-12 with Merck's (MRK +1.4%) Keytruda (pembrolizumab).
    | 18 Comments
  • Dec. 5, 2014, 7:19 AM
    • Doctors say that simple intravenous fluid drips could save the lives of many Ebola patients, but they are not being deployed due to a perception that no treatment will work.  Many patients are succumbing to extreme dehydration and electrolyte depletion caused by vomiting and diarrhea, according to Ian Roberts of the London School of Hygiene and Tropical Medicine and Anders Perner of Copenhagen University. "Ebola treatment must be more that just a setting for quarantine. Patients will be reluctant to attend treatment centers unless the care they receive...is superior to the care provided by family members."
    • The epidemic in West Africa has claimed more than 6,000 lives out of ~17,000 that have been infected. All but 15 of the deaths have occurred in Sierra Leone, Guinea and Liberia.
    • ETFs: IRY, IXJ
    • Ebola-related tickers: (NYSE:GSK) (NYSE:JNJ) (NYSE:MRK) (NASDAQ:NLNK) (OTCQB:AEMD) (NASDAQ:TKMR) (NYSEMKT:HEB) (NASDAQ:SRPT) (NASDAQ:BCRX)
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  • Dec. 4, 2014, 8:23 AM
    • In a Phase 1 trial sponsored by the University of Oxford, 30 healthy volunteers will receive Bavarian Nordic's MVA-BN Filo booster vaccine in combination with the monovalent cAd3-EBO Z Ebola vaccine co-developed by GlaxoSmithKline (NYSE:GSK) and the U.S. National Institutes of Health's National Institute of Allergy and Infectious Diseases (NIAID). Recent preclinical research suggests that employing an MVA-based booster dose may deliver a more robust and durable immune response to the primary vaccine.
    • The study involves 60 healthy adults divided into three cohorts each receiving different doses of the cAd3-EBO Z vaccine. Half of each cohort will also receive the booster dose of MVA-BN Filo.
    • The primary endpoint is safety and tolerability. The secondary endpoint is the cellular and humoral immune response. Preliminary results should be available in 1H 2015.
    • Both cAd3-EBO Z and MVA-BN Filo have been developed in collaboration with NIAID, which also investigated the prime boost regimen of MVA-BN Filo and Crucell Holland B.V.'s AdVac technology. Crucell is part of J & J (NYSE:JNJ) unit Janssen Pharmaceuticals. Bavarian Nordic and Janssen are collaborating on the development and manufacture of large quantities of their vaccine regimen and intend to start clinical trials shortly.
    • Related tickers: (NYSE:MRK) (NASDAQ:NLNK)
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  • Nov. 28, 2014, 9:23 AM
    • The European Commission approves Boehringer Ingelheim's Vargatef (nintedanib), in combination with docetaxel, for the treatment of adult patients with locally advanced, metastatic or locally recurrent non-small cell lung cancer (NSCLC) of adenocarcinoma tumor histology, after first-line chemotherapy. Adenocarcinoma is the most common form of lung cancer.
    • Nintedanib is an oral angiokinase inhibitor which simultaneously inhibits endothelial growth factor receptors (VEGFR), platelet-derived growth factor receptors (PDGFR) and fibroblast growth factor receptors (FGFR) signalling pathways. It is currently being investigated in various other cancers.
    • Earlier this month, Europe's Committee for Medicinal Products for Human Use (CHMP) adopted a positive opinion supporting approval of nintedanib, branded as Ofev, for the treatment of ideopathic pulmonary fibrosis (IPF). The FDA approved it for IPF in October.
    • Previously: Europe Ad Comm supports approval for BI pulmonary fibrosis drug
    • Previously: BI begins enrollment in Phase 3 CRC trial
    • ETFs: IBB, BIB, IRY, BIS, IXJ, DRGS
    • Lung cancer-related tickers: (NYSE:BMY) (NYSE:MRK) (NASDAQ:CLVS) (NASDAQ:FPRX) (NASDAQ:BIND) (NYSE:GSK) (NASDAQ:ARIA) (NASDAQ:ECYT) (NYSE:AZN) (OTC:MKGAF) (OTCPK:MKGAY) (NASDAQ:ONTY) (NYSE:PFE) (NASDAQ:HTBX) (OTCQX:RHHBY) (NASDAQ:INCY)
    | 1 Comment
  • Nov. 25, 2014, 1:42 PM
    • OncoSec Medical (OTCQB:ONCS +13.5%) and the University of California, San Francisco enter into a clinical collaboration to evaluate the safety, tolerability and efficacy of the combination of Merck's (MRK +0.6%) Keytruda (pembrolizumab) and OncoSec's ImmunoPulse (intratumoral IL-12) in metastatic melanoma.
    • Immunopulse is an investigational intratumoral therapy that uses plasmid DNA that encodes for Interleukin-12 and delivers it directly into the tumor via a proprietary electroporation device.
    • The collaboration will be a Phase 2 trial that will commence in Q1 2015. Merck will supply pembrolizumab and OncoSec will supply the electroporation devices and plasmid IL-12.
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  • Nov. 25, 2014, 1:07 PM
    • Merck (NYSE:MRK) declares $0.45/share quarterly dividend, 2.27% increase from prior dividend of $0.44.
    • Forward yield 3.02%
    • Payable Jan 8; for shareholders of record Dec. 15; ex-div Dec. 11.
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  • Nov. 25, 2014, 8:18 AM
    • Pharmacy benefits manager Express Scripts (NASDAQ:ESRX) is at the forefront of an increasing wave of resistance to the high prices of new drugs from pharma and biotech firms, some which cost as much as $50K per month. Pharmaceutical spending in the U.S. is $270B and may breach $500B in five years. ESRX's method of controlling costs is to refuse to pay for them. For 2015, for example, it is excluding 66 branded drugs from its main formulary, an increase of 18 from 2014's 48. On the list is Johnson & Johnson's (NYSE:JNJ) rheumatoid arthritis drug Simponi (golimumab) which costs $3K per month.
    • Other prescription benefits managers are employing similar tactics. CVS Health (NYSE:CVS) will exclude 95 drugs from its 2015 formulary including Pfizer's (NYSE:PFE) multiple sclerosis med Rebif (interferon beta-1a) which costs $5K for a four-week supply.
    • Governments are pushing back as well. Among 42 state Medicaid programs, 27 pay for Gilead Sciences' HCV med Sovaldi (sofosbuvir) only for patients with severe liver damage while others impose coverage limitations for patients with recent substance-abuse problems. In the U.S., the full regimen cost is $84K. Recently, Britain's National Institute for Health and Care Excellence (NICE) balked at recommending reimbursement for Roche's (OTCQX:RHHBY) blood cancer drug Gazyvaro (obinutuzumab).
    • Ninety percent of commercial health plans require pre-approval of specialty drugs, up from 82% in 2011.
    • Previously: Roche's Gazyvaro not NICE in the UK
    • Previously: Global drug tab will breach trillion dollar mark this year
    • ETFs: IBB, BIB, IRY, BIS, IXJ, DRGS
    • Related tickers: (NYSE:NVS) (NYSE:AZN) (NASDAQ:AMGN) (NASDAQ:BIIB) (NASDAQ:CELG) (NYSE:LLY) (NYSE:SNY) (NYSE:ABT) (NYSE:ABBV) (NYSE:BMY) (NYSE:MRK) (NYSE:GSK)
    | 24 Comments
  • Nov. 24, 2014, 9:59 AM
    • Merck (MRK -0.5%) submits a new drug application to the Japanese Pharmaceuticals and Medicinal Devices Agency for omarigliptin for the treatment of type 2 diabetes. Japan is the first country with a regulatory filing for the drug candidate.
    • Omarigliptin is a once-weekly DPP-4 inhibitor. Merck's Januvia (sitagliptin), approved by the FDA in 2006, was the first agent in the class to achieve regulatory clearance.
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  • Nov. 24, 2014, 9:48 AM
    • Merck (MRK -0.7%) enters into an exclusive worldwide license agreement with NewLink Genetics (NLNK +0.5%) to develop and commercialize the latter's investigational rVSV-EBOV (Ebola) vaccine candidate.
    • Phase 1 trials are currently underway at Walter Reed Army Institute of Research and the NIAID at the NIH. If successful, the NIH will commence a large, randomized Phase 3 study to evaluate the safety and efficacy of rVSV-EBOV and another investigational Ebola vaccine candidate co-developed by the National Institute of Allergy and Infectious Diseases (NIAID) and GlaxoSmithKline (GSK -0.3%).
    • The rVSV-EBOV vaccine was created by scientists at the Public Health Agency of Canada's National Microbiology Laboratory.
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  • Nov. 24, 2014, 8:40 AM
    • Tetraphase Pharmaceuticals (NASDAQ:TTPH) is reportedly considering selling itself after being approached by interested suitors. Sources say the acquirer could be Acetelion (OTCPK:ALIOF) (OTC:ALIOY) or Roche (OTCQX:RHHBY).
    • The attraction is Tetraphase's antibiotic eravacycline, currently in Phase 3 development. Both oral and IV formulations of the drug have demonstrated higher dose response rates than Johnson & Johnson's (NYSE:JNJ) Levaquin (levofloxacin) for the treatment of complicated urinary tract infections. In the Ignite-2 study, patients receiving 200 mg eravacycline IV-to-oral doses achieved a response rate of 70.8% while patients receiving 250 mg IV-to-oral doses achieved 64.3%, both significantly ahead of Levaquin's 52.2% response rate.
    • A trial comparing eravacycline to Merck's (NYSE:MRK) Invanz (ertapenem) for the treatment of complicated intra-abdominal infections is underway.
    • TTPH is up 18% premarket on light volume.
    • Previously: Tetraphase completes eravacycline Phase 3 enrollment
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  • Nov. 21, 2014, 8:48 AM
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  • Nov. 17, 2014, 3:59 PM
    • In a Phase 2 clinical trial, Merck's (MRK +0.7%) anti-PD-1 therapy, Keytruda (pembrolizumab), improved progression-free survival (PFS) versus chemotherapy in patients with ipilimumab-refractory advanced melanoma. At six months, PFS for the 2 mg/kg and 10 mg/kg doses was 34% and 38%, respectively, compared to 16% for chemo (p<0.0001).
    • Study results, including secondary endpoints, were presented today by Dr. Antoni Ribas, professor, Hematology/Oncology and Surgery, UCLA at the Society of Melanoma Research 2014 Congress in Zurich, Switzerland.
    • The study's co-primary endpoints are PFS and overall survival (OS). Investigators will evaluate OS in 2015.
    • Keytruda is approved in the U.S. at a dose of 2 mg/kg every three weeks for the treatment of patients with unresectable or metastatic melanoma and disease progression following ipilimumab and, if BRAF V600 mutation positive, a BRAF inhibitor.
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  • Nov. 17, 2014, 1:02 PM
    • In a Phase 3 trial, patients receiving Merck's (MRK +0.9%) Vytorin (ezetimibe/simvastatin) experienced fewer major cardiovascular events than those receiving simvastatin alone. In the study, called Improve-It, at seven years, 32.7% of patients taking Vytorin experienced a primary endpoint event compared to 34.7% of patients taking simvastatin alone (p=0.016) (hazard ratio: 0.936).
    • Based on the LDL-cholesterol range in the study's treatment arms, the 6.4% relative risk reduction observed in the Vytorin arm was consistent with the treatment effect that had been projected based on prior studies of statins.
    • The company intends to submit the data to the FDA to support a new indication for the reduction on major cardiovascular events for Vytorin and Zetia (ezetimibe).
    | 5 Comments
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Company Description
Merck & Co Inc is a health care company that delivers health solutions through its prescription medicines, vaccines, biologic therapies, animal health, and consumer care products.