Japan health panel approves Merck's oral COVID-19 treatment

Reuters2021-12-24

TOKYO, Dec 24 (Reuters) - A Japanese health ministry panel on Friday recommended approval of the COVID-19 antiviral pill developed by Merck & Co Inc , part of plans by Prime Minister Fumio Kishida to roll out new treatments by yearend as concerns rise about the Omicron variant.

The panel decision sets the stage for shipments of 200,000 doses across the country from this weekend, based on preparations announced earlier by Kishida.

Japan is betting heavily on oral treatments to keep serious infections and deaths at bay should a feared sixth wave of the pandemic emerge. The government agreed last month to pay Merck and its partner Ridgeback Biotherapeutics about $1.2 billion for 1.6 million courses of their drug molnupiravir.

In addition, Kishida announced last week a deal to procure 2 million doses of a separate antiviral pill developed by Pfizer Inc. And Japan's Shionogi & Co is expected to soon file for approval of its own treatment supplying another 1 million doses by early next year.

U.S. regulators on Thursday authorized the Merck pill for certain high-risk adult patients.

Countries rushed to buy Merck's molnupiravir after very promising initial results, but subsequent company data in late November indicated the drug was markedly less effective than previously thought. France cancelled its order on Wednesday.

Japan this week confirmed the first known cases of Omicron infections that could not be traced back to overseas travelers. Community transmissions of the variant have now been found in the western cities of Osaka and Kyoto, and a suspected case was announced in Tokyo on Friday.

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Comments

  • KYHBKO
    2021-12-27
    KYHBKO
    more countries are likely to follow suit. ‌$Merck(MRK)$‌- should see a rally in the coming weeks.
    • Nayazindagi
      ok
    • twizzy
      Vaccination benefits everyone in the world. The global economy needs recovery.
    • clipzy
      Sell vaccine stocks and buy stocks of travel and airline companies.
    • whimsie
      Now investors should really sell vaccine stocks. The global epidemic is expected to end in 2022 and the economy will return to the right track.
    • MatthewWalter
      Move on with Merck normal life. Both revenue and EPS growth are strong in 2022. Missing covid is ok. Great value, particularly in 2022 inflation environment.
  • Natnaiviv
    2021-12-27
    Natnaiviv
    Hope this can be the beginning of killing the covid virus
  • Wenikho
    2021-12-27
    Wenikho
    Ok
  • LennartM
    2021-12-27
    LennartM
    like pls
  • Cvt
    2021-12-27
    Cvt
    Good
  • Fayedea
    2021-12-27
    Fayedea
    Latest
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