Report
Damien Conover
EUR 101.80 For Business Accounts Only

Merck Posts Strong Top-Line Keytruda Data in Important First-Line Lung Cancer Indication

Merck’s non-small-cell lung cancer study Keynote-189 showed Keytruda plus chemotherapy as superior to chemotherapy alone close to a year ahead of when the data was expected, based on an earlier interim analysis. Since we expected positive data, we don’t foresee any major impact to our fair value estimate or wide moat rating based on the earlier-than-expected results. However, the earlier timeline on achieving the results will reinforce Merck’s first-mover advantage in the United States and help ...
Underlying
Merck & Co. Inc.

Merck & Co. is a global health care company that delivers health solutions through its prescription medicines, vaccines, biologic therapies and animal health products. The company's segments are: Pharmaceutical, which includes human health pharmaceutical products that consist of therapeutic and preventive agents for the treatment of human disorders, and human health vaccine products that consist of preventive pediatric, adolescent and adult vaccines; and Animal Health, which discovers, develops, manufactures and markets veterinary pharmaceuticals, vaccines and health management solutions and services, as well as a suite of digitally connected identification, traceability and monitoring products.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Damien Conover

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