financetom
Business
financetom
/
Business
/
Merck sees over $5 billion opportunity in Cidara's experimental flu drug
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Merck sees over $5 billion opportunity in Cidara's experimental flu drug
Nov 17, 2025 7:31 AM

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Titan Ratifies Four-Year Union Contract With United Steelworkers
Titan Ratifies Four-Year Union Contract With United Steelworkers
Jan 21, 2025
05:10 PM EST, 01/21/2025 (MT Newswires) -- Titan International ( TWI ) said Tuesday that employees represented by the United Steelworkers union have voted to ratify new four-year contracts for the company's operations in Bryan, Ohio, Freeport, Illinois, and Des Moines, Iowa. We are pleased to announce the negotiation and ratification of a new four-year contract that is a win...
Pinnacle Financial Partners Q4 Adjusted Earnings, Revenue Rise; Quarterly Dividend Raised
Pinnacle Financial Partners Q4 Adjusted Earnings, Revenue Rise; Quarterly Dividend Raised
Jan 21, 2025
05:10 PM EST, 01/21/2025 (MT Newswires) -- Pinnacle Financial Partners ( PNFP ) reported Q4 adjusted earnings late Tuesday of $1.90 per diluted share, up from $1.68 a year earlier. Analysts polled by FactSet expected $1.78. Revenue for the quarter ended Dec. 31, expressed as the sum of net interest income and non-interest income, was $475.3 million, up from $396.3...
Masimo Names Former Becton Dickinson Executive as CEO, Katie Szyman Takes Over for Board Chair Michelle Brennan
Masimo Names Former Becton Dickinson Executive as CEO, Katie Szyman Takes Over for Board Chair Michelle Brennan
Jan 21, 2025
05:06 PM EST, 01/21/2025 (MT Newswires) -- Masimo ( MASI ) late Tuesday said Katie Szyman has been selected as the new chief executive officer at the medical device company, succeeding interim CEO Michelle Brennan, who was appointed to be the new chair of Masimo's ( MASI ) board of directors. Both moves take effect on Feb. 12, the company...
Sanara MedTech Reports Q4 Preliminary Revenue Rose; Elizabeth Taylor Named CFO
Sanara MedTech Reports Q4 Preliminary Revenue Rose; Elizabeth Taylor Named CFO
Jan 21, 2025
05:11 PM EST, 01/21/2025 (MT Newswires) -- Sanara MedTech ( SMTI ) reported Q4 preliminary revenue late Tuesday of $25.7 million to $26.2 million, up 45% to 48% from a year earlier. Two analysts polled by FactSet expect $22.8 million. The company said it had cash of $15.9 million as of Dec. 31, compared with $16.3 million as of Sept....
Copyright 2023-2026 - www.financetom.com All Rights Reserved