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MRK Merck and Co Inc

131.15
0.43 (0.33%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Merck and Co Inc NYSE:MRK NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.43 0.33% 131.15 131.91 130.13 130.13 7,757,432 01:00:00

Amneal Gets FDA OK for First Generic of Merck's NuvaRing

12/12/2019 1:04pm

Dow Jones News


Merck (NYSE:MRK)
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By Colin Kellaher

 

Amneal Pharmaceuticals Inc. (AMRX) Thursday said it received U.S. Food and Drug Administration approval for EluRyng, the first generic version of Merck & Co.'s (MRK) NuvaRing contraceptive.

The Bridgewater, N.J., pharmaceutical company said it has initiated commercialization activities for EluRyng, which it is manufacturing internally and launching Thursday.

NuvaRing had U.S. sales of about $976 million for the 12 months ended Oct. 31, Amneal said, citing healthcare data and analytics provider Iqvia.

Shares of Amneal, which closed Wednesday at $3.48, jumped nearly 17% in premarket trading Thursday.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

December 12, 2019 07:49 ET (12:49 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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