Diamonds and Dogs
Merck pushing the Dow back toward 20,000. Merck (MRK) is up 5% after receiving FDA acceptance of supplemental biologics license application for Keytruda in combo with chemotherapy for first-line treatment of metastatic non-squamous non-small cell lung cancer. Analysts believe the market for first-line lung cancer for all patients could be as high as $14 billion. Rival, Bristol is down 3% on this news.
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