Merck initiates Phase 3 trial for calderasib in lung cancer
Merck & Co Inc's stock rose by 3.27% as it reached a 52-week high, reflecting positive investor sentiment amid broader market gains with the Nasdaq-100 up 0.91% and the S&P 500 up 0.68%.
The increase in stock price is attributed to Merck's announcement of the initiation of the KANDLELIT-007 Phase 3 clinical trial evaluating calderasib in combination with KEYTRUDA QLEX for treating KRAS G12C-mutant non-small cell lung cancer (NSCLC). This trial aims to enroll approximately 675 patients and demonstrates Merck's commitment to advancing lung cancer treatment options, potentially enhancing its competitive position in the market.
This strategic move not only highlights Merck's ongoing innovation in oncology but also positions the company favorably in a competitive landscape, as successful trial outcomes could lead to significant advancements in treatment options for patients.
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