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MRK Merck and Co Inc

130.4071
2.84 (2.22%)
08 May 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
  2.84 2.22% 130.4071 130.425 127.01 127.01 6,713,442 01:00:00

Merck Does Deals to Develop Coronavirus Vaccines, Drug

26/05/2020 12:14pm

Dow Jones News


Merck (NYSE:MRK)
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By Jared S. Hopkins 

Big drugmaker Merck & Co. said it is working on two potential vaccines and an experimental drug against the coronavirus, joining rivals in the frantic search for medicines.

Merck, one of the world's largest pharmaceutical companies by sales, said Tuesday it is acquiring one experimental vaccine as part of the purchase of its Austrian maker, while partnering in the development of a second vaccine candidate and the potential drug.

The Kenilworth, N.J., drugmaker didn't disclose the terms of the deals.

Some 150 coronavirus vaccines are in development world-wide, including at Johnson & Johnson and Pfizer Inc., and more than 350 drugs are in the works or being studied, according to BioCentury, which is tracking the efforts.

Merck is a longtime maker of vaccines and antivirals, including human papillomavirus shot Gardasil. For weeks, the company had been looking inside its own walls for promising Covid-19 candidates, before deciding to pursue programs started elsewhere.

"We looked inside and outside, and the things we found outside were better," Roger Perlmutter, Merck's R&D chief, said in an interview.

Dr. Perlmutter said Merck has specific criteria for a coronavirus vaccine, including that it provide immunity with a single dose so a second shot isn't needed, and that it use a proven technology that can be scaled up readily for manufacture.

For one vaccine, Merck said it is acquiring privately held Themis Bioscience, of Vienna. In March, Themis said it was collaborating with the French nonprofit Institut Pasteur and the University of Pittsburgh on Covid-19 vaccine development. Themis is working to scale up production for clinical trials that could begin within weeks, Dr. Perlmutter said.

Merck's second coronavirus vaccine effort will take the form of a partnership with the scientific-research organization IAVI, whose experimental vaccine uses the same technology that is the basis for Merck's Ebola Zaire virus vaccine, Dr. Perlmutter said.

Merck said it would help IAVI, a New York-based nonprofit, further develop the vaccine, which could begin human testing later this year.

In addition, Merck said it would license the rights to an experimental Covid-19 drug from privately held Ridgeback Biotherapeutics LP of Miami. Merck plans to continue developing the drug, which is entering midstage testing in patients this week, Dr. Perlmutter said.

The drug works like remdesivir from Gilead Sciences Inc., which the U.S. Food and Drug Administration authorized for emergency Covid-19 use on May 1, after a trial showed it shortened hospitalized patients' recovery time.

Merck plans to target the drug at Covid-19 patients who aren't yet severely sick, even if hospitalized, Dr. Perlmutter said.

Write to Jared S. Hopkins at jared.hopkins@wsj.com

 

(END) Dow Jones Newswires

May 26, 2020 06:59 ET (10:59 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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