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Merck Stock Drops Despite FDA Approval of Keytruda for New Cancer Treatment Ranking 74th in Daily Market Volume
Generated by AI AgentAinvest Volume Radar
Monday, Jun 16, 2025 8:00 pm ET1min read
On June 16, 2025,
, Inc. (MRK) experienced a decline of 0.92%, marking its second consecutive day of losses, with a total decrease of 1.05% over the past two days. The trading volume for the day was 10.15 billion, placing it 74th in the daily market rankings.Merck's stock price was influenced by the U.S. Food and Drug Administration's (FDA) approval of KEYTRUDA (pembrolizumab), Merck's anti-PD-1 therapy. This approval is for the treatment of adult patients with resectable locally advanced head and neck squamous cell carcinoma as a neoadjuvant treatment, continued as adjuvant therapy post-surgery.
This approval expands the use of Keytruda, Merck's blockbuster cancer drug, and is expected to have a positive impact on the company's revenue and market position. The FDA's decision to approve Keytruda for this new indication is a significant milestone for
, as it demonstrates the drug's efficacy and safety in treating a broader range of cancer patients.
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