
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
I spent the last year transforming my life. Becoming a Rockette for a day made me confront a fear I couldn't shake. - 2
Astronauts on the ISS watched NASA's historic Artemis 2 launch from space - 3
Manual for Famous Beverages 2024 - 4
Army commander convicted of Guinea stadium massacre dies in prison - 5
Israeli naval intelligence reduces Iranian threat to Strait of Hormuz
Dave Coulier shares new cancer diagnosis 1 year after revealing previous diagnosis
What's an atmospheric river? AP explains the weather phenomenon
6 Home Cleaning Administrations to Keep Your Home Unblemished
6 Well known Nissan Vehicles in the U.S.
Golan resident convicted of spying for Iran after passing tank movement, missile-impact data
Philippines evacuates 3,000 villagers after volcano activity raises alert level
The most effective method to Pick the Right Material Organization: Fundamental Tips
5 Morning Schedules That Stimulate Your Day
Shelby County deputies charged with assault, placed on leave













