Merck & Co (NYSE:MRK) reported quarterly earnings of $1.62 per share which beat the analyst consensus estimate of $1.54 by 5.19 percent. This is a 10 percent decrease over earnings of $1.80 per share from the same period
The year has started well for biopharma companies on the regulatory front, as most decisions handed out during January were positive. The Food and Drug Administration has already cleared four new molecular entities for the year.
With a full week of earnings behind us, it’s time to take stock of the fourth-quarter reporting season so far. Overall, the news flow has been mixed, although tech earnings have grossly disappointed.
The FDA has granted accelerated approval to Seagen Inc’s (NASDAQ:SGEN) Tukysa (tucatinib) in combination with trastuzumab for colorectal cancer. The approval covers…
Psychedelics biotech Clearmind Medicine Inc. (NASDAQ: CMND) has successfully completed two drug discovery projects with leading scientists at the Hebrew University of Jerusalem.
Joining the cohort in Cambridge, MA, Perceiv AI will receive direct funding and mentorship from Merck, Northpond Ventures, and McKesson Ventures to advance its prognostic platform focused on multimodal data in neurodegenerative diseases.