US pharma giant Merck & Co (NYSE: MRK) was trading 2% higher by Thursday lunchtime following news on molnupiravir.
The drug, which Merck is developing in collaboration with privately-held US biotech Ridgeback Biotherapeutics, has received an approval from the UK’s Medicines and Healthcare Products Regulatory Agency.
"We will continue to move with both rigor and urgency to bring molnupiravir to patients around the world as quickly as possible"It has been approved for the treatment of mild-to-moderate COVID-19 in adults with a positive SARS-CoV-2 diagnostic test and who have at least one risk factor for developing severe illness, becoming the first oral antiviral medicine authorized in this indication anywhere in the world.
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