
By Mariam Sunny and Michael Erman
(Reuters) -Merck said on Monday it expects a commercial opportunity exceeding $5 billion from Cidara Therapeutics' 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 CEO Robert Davis said during a call with analysts.
Merck 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.
(Reporting by Mariam Sunny in Bengaluru and Michael Erman in New Jersey; Editing by Shilpi Majumdar)
LATEST POSTS
- 1
The Fragrant Small Tree Birds & Pollinators Love With Stunning Flowers In Summer - 2
IDF finds weapon of slain hostage Capt. Daniel Perez in booby-trapped Gaza compound - 3
'A perfect storm': Airlines cut flights and increase airfares as jet fuel price spikes - 4
L.A.'s most famous midcentury home, the Stahl House, is on the market for the 1st time, at $11K per square foot: See inside - 5
From Loner to Force to be reckoned with: Individual Accounts of Change
Staggering Spots to Stargaze All over the Planet
Presenting Nintendo's New Pastel Bliss Con Tones for Switch Gamers: 3 Smart Choices
Israel says it will keep control over part of southern Lebanon after war with Hezbollah ends
Aspirin can prevent a serious pregnancy complication — but too few women get it, new report suggests
Step by step instructions to Keep up with Ideal Oral Cleanliness at Home
Vote in favor of Your #1 sort of pie
A decade after Brazil’s deadly dam collapse, Indigenous peoples demand justice on the eve of COP30
Zendaya serves bridal-coded fashion with old, new and borrowed gowns for ‘The Drama’ press tour
Sports Shoes of 2024: Upgrade Execution and Solace













