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6 days ago | World Today

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Finance: 2 cancer drugmakers just presented key data about how new treatments work in lung cancer — and the markets picked a winner (MRK, BMY)

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The markets picked Merck as the winner based on its data lung cancer. Merck's stock was up about 3% on Monday while BMS was down about 5%.

  • Two cancer drugmaker rivals presented data on Monday about how combinations of their drugs, which harness the body's immune system to treat cancer, worked in treating a common form of lung cancer compared to traditional chemotherapy.
  • Merck showed that its drug Keytruda in combination with chemotherapy cut the risk of death in lung cancer patients in half.
  • Bristol-Myers Squibb, which makes a competing immunotherapy, Opdivo, showed that its drug in combination with Yervoy, another immunotherapy, managed to keep patients with tumors that had a certain amount of mutations from getting worse for a longer period of time than those treated with chemotherapy.
  • The markets picked Merck as the winner based on its data. Merck's stock was up by as much as 3% on Monday while BMS was down about 5%.
  • Read more about the results, which have a big implication on how lung cancer's treated, here.
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