Shares in Merck & Co (NYSE: MRK)were off 1% at $63.63 in after-hours trading yesterday, after the New Jerseyan giant revealed it would drop its experimental cholesterol drug anacetrapib.
There had been encouraging news for the cholesteryl ester transfer protein (CETP) candidate in June, but subsequent data demonstrated only a modestly beneficial effect, casting doubt on the program’s future.
While anacetrapib was able to reduce cardiovascular events by 9%, inexpensive statin drugs are already able to lower cholesterol effectively for many patients, limiting the commercial potential for the innovative medicine.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze