Shares of the drugmaker fell 0.8% to $78.27, in extended trading.
Keytruda, among a class of medicines called PD-1 inhibitors, did not
meet the main goal of helping patients live longer, when compared to
chemotherapy.
The treatment will continue to be studied in earlier stages of the
disease and in combination with chemotherapy in patients with triple
negative breast cancer, the company said.
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Triple negative breast cancer occurs in about 10% to 20% of breast
cancer patients and is more difficult to treat, the company said.
Keytruda, which brought in sales of $2.27 billion for the company in
the first quarter, has U.S. approval for other forms of cancer
including skin and lung cancer.
(Reporting by Manojna Maddipatla in Bengaluru; Editing by Shailesh
Kuber)
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