Synonyms that are in the dictionary are marked in green. Synonyms that are not in the dictionary are marked in red.
Antonyms that are in the dictionary are marked in green. Antonyms that are not in the dictionary are marked in red.
Besides Keytruda, there are only 2 other approved oncology drugs in Merck's portfolio.
It's also been the best-performing large-cap pharma name in 2022, on the back of strong progress with its mega blockbuster drug Keytruda.
Keytruda — provider of 35% of Merck’s revenue over the last three years — and Bristol’s Opdivo will both become potential candidates for negotiations in 2028.
Keytruda revenue is expected to top $24 billion this year and could exceed $30 billion as soon as 2026, according to analyst estimates.
Moderna Chief Executive Officer Stephane Bancel told CNBC recently that the company is moving aggressively into Phase 3 studies with the belief that “anywhere Keytruda works, this should work.”
Oncology sales growth was largely due to a 20% increase in sales of Keytruda.