Company Of The Day: Merck

-7.29%
Downside
132
Market
122
Trefis
MRK: Merck logo
MRK
Merck

What?

The U.S. FDA approved a new version of Merck’s (NYSE:MRK) pneumococcal vaccine that prevents invasive disease caused by 15 strains of bacteria called Streptococcus pneumoniae.

So What?

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Pneumococcal vaccines are lucrative and were the single largest vaccine market by revenue prior to Covid-19. Pfizer’s blockbuster Prevnar 13, which generates over $5.8 billion in annual sales is the market leader in the space.

While Merck’s new shot protects against a few more strains compared to Prevnar 13, the successor to Prevnar, which was approved in June, covers a total of 20 strains. That said, Merck notes that its shot provides a stronger immune response against a strain called serotype 3, which is the leading cause of invasive pneumococcal diseases in adults in the United States.

See Our Complete Analysis For Merck

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