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Merck (MRK) shares rose nearly 5% in early trade on Friday after the company said a European medicines committee issued a positive opinion for its Keytruda (pembrolizumab) and Padcev (enfortumab vedotin) combination.
The treatment is for adults with resectable muscle-invasive bladder cancer who cannot receive cisplatin-based chemotherapy.
The decision now moves to the European Commission for final review, with a ruling expected by the third quarter this year for the EU and other European markets.
KEYTRUDA is a PD-1 immunotherapy that helps the body’s immune system recognize and attack cancer cells more effectively.
If approved, this would become the first PD-1 inhibitor plus antibody-drug conjugate combination available in the European Union (EU) for this type of bladder cancer.
The recommendation is based on Phase 3 KEYNOTE-905 trial results, which showed the Keytruda + Padcev regimen significantly improved outcomes compared to surgery alone, including better survival and higher rates of complete tumor response.
Merck said the data highlight a major unmet need, as patients who cannot receive cisplatin-based chemotherapy currently have limited treatment options and face a high risk of disease recurrence.
The Keytruda + Padcev combination significantly outperformed surgery alone in the trial. It reduced the risk of cancer progression or recurrence by about 60% and cut the risk of death by around 50%.
More patients on the combo showed no detectable cancer after treatment compared to surgery alone (57% vs 9%).
On Stocktwits, retail sentiment is “neutral” and it has remained unchanged over the past 24 hours. Message volume is “high” and also stayed the same over the past one day.
MRK Stock has risen nearly 59% in the past 12 months.
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