The rare setback for Keytruda sent Merck shares more than 1 percent
lower.
Merck has been on a roll with the medicine, jumping to the front of
the pack of companies with new immuno-oncology drugs, particularly
after Keytruda extended survival as an initial treatment for
advanced lung cancer, by far the largest oncology market.
Bristol-Myers Squibb <BMY.N> had been the perceived leader in the
field until last year, when its Opdivo failed to match Keytruda's
lung cancer success.
Merck last month said it had stopped enrolling patients in the
trials testing Keytruda in combination with standard multiple
myeloma regimens including Celgene Corp <CELG.O> drugs. The decision
was taken after independent safety monitors observed more deaths in
patients receiving the Keytruda combination than in the control
groups in two of the studies.
The FDA said based on available data the risks of combining Keytruda
with either of the Celgene medicines outweigh any potential benefit
for patients with multiple myeloma.
The trials were testing Keytruda with either Revlimid or Pomalyst
and dexamethasone against the regimens without Keytruda.
All patients who were receiving Keytruda in combination with a
Celgene drug will no longer take the Merck drug.
The clinical hold does not apply to other studies with Keytruda,
Merck said. The drug, which helps the immune system fight cancer by
blocking a protein tumors use to avoid detection, is currently being
tested in hundreds of combination trials in a wide variety of
cancers.
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So far, Keytruda is only approved for one type of blood cancer,
classical Hodgkin lymphoma. But Merck has had a string of successes
in solid tumor cancers with approvals for advanced melanoma,
advanced bladder cancer and a type of head and neck cancer, in
addition to lung.
In May, Keytruda became the first cancer drug to win U.S. approval
based on a patient's specific genetic traits, regardless of where in
the body the disease originated, known as microsatellite
instability-high cancer.
Merck shares fell to $63.40 in extended trading from a New York
Stock Exchange close at $64.16.
(Reporting by Bill Berkrot in New York and Divya Grover in Bengaluru;
Editing by Shounak Dasgupta and James Dalgleish)
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