By Mariam Sunny and Michael Erman
Nov 17 (Reuters) - Merck ( MRK ) said on Monday it
expects a commercial opportunity exceeding $5 billion from
Cidara Therapeutics' ( CDTX ) 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 ( MRK ) CEO Robert
Davis said during a call with analysts.
Merck ( MRK ) 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.