Health Care Roundup: Market Talk
The latest Market Talks covering the Health Care sector. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0902 GMT – Merck’s failure to reach key goals in late-stage clinical trials for its multiple sclerosis drug, evobrutinib, spells an end to its development and shifts the German pharmaceutical company’s focus to cancer drug xevinapant, Citi analysts say in a note. A potential treatment for late-stage head and neck cancer, xevinapant is in phase-3 clinical trials and might be “practice-changing” if it hits the market, say the analysts. They forecast sales of more than EUR1.4 billion, which is 25% ahead of consensus, saying that it is years ahead of competitors. “While evobrutinib’s failure is an obvious setback, we had previously argued the risk-reward was ...
