
By Mariam Sunny and Michael Erman
(Reuters) -Merck said on Monday it expects a commercial opportunity exceeding $5 billion from Cidara Therapeutics' experimental flu drug, and does not anticipate it to require a review by the U.S. CDC's vaccine advisory panel before launch.
The U.S. drugmaker announced a nearly $9.2 billion deal last week to acquire Cidara, aiming to gain access to its long-acting antiviral, CD388, currently in late-stage trial.
CD388 is not a vaccine and is designed to be effective regardless of a person's immune status and could offer single-dose, universal protection against all flu strains.
Vaccine policy in the United States has been undergoing a shift under Health Secretary Robert F. Kennedy Jr., a longtime vaccine skeptic, who has revamped the Centers for Disease Control and Prevention's panel of outside advisers and prompted the ouster of its director.
"I would not say that our view of what is happening around vaccinations has in any way affected either our view of vaccinations or what drove us to this (drug)," Merck CEO Robert Davis said during a call with analysts.
Merck expects about 110 million Americans to be eligible to receive CD388, including 85 million considered at high risk for influenza. It plans to manufacture the drug long-term at one of its U.S. facilities.
The company said it expects Cidara's acquisition to reduce earnings by about 30 cents per share over the first 12 months from the deal's closing, reflecting investments to advance CD388 and the assumed cost of financing.
The deal is expected to close in the first quarter of 2026.
(Reporting by Mariam Sunny in Bengaluru and Michael Erman in New Jersey; Editing by Shilpi Majumdar)
latest_posts
- 1
NASA's Artemis 2 astronauts are cruising to the moon. So why are they doing CPR tests today? - 2
7 Strange Apparatuses to Make Your Party Stick Out! - 3
7 Peculiar Ways Of starting Your Imagination: Motivation Has Never Been This Good times - 4
Find Your Internal Culinary expert: Cooking Strategies and Recipes - 5
Former Peruvian President Pedro Castillo sentenced for conspiracy
Sexual violence is being used as a weapon in Sudan's war, doctors group says
Best Quest for new employment Site for You to Track down Amazing open doors
BHP liable for 2015 Brazil mine disaster: UK court
The Best Internet based Courses for Expertise Improvement
How to sound like an astronaut as you follow the first human moon mission in more than half a century
A company is trying to unlock a key to aging, in a long-overlooked body part
Which Exhibition hall Do You Suggest? Vote
Dirty soda started as a Mormon alternative to booze. Now it's everywhere.
Investigate the Excellence of Professional flowerbeds: A Virtual Local escort













