Merck’s New CVD-19 Pill Shakes Up Healthcare
October 1, 2021
Positive clinical trial results for Merck’s experimental anti-viral COVID-19 pill is shaking the healthcare sector and sending the drugmaker’s stock price soaring. Our Kevin Gade told Reuter’s News the announcement was a windfall for Merck, which had seen its shares fall after discontinuing its COVID-19 vaccine program.
“Merck has kind of been dead in the water to investors for the past couple of quarters,” said Kevin Gade, portfolio manager with Bahl & Gaynor. “This shows their R&D engine is not dead and they were first … in what could be a multi-billion dollar opportunity.”
Kevin T. Gade, CFA, CFP
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