Merck Received Positive European Union CHMP Opinion for Gefapixant
Portfolio Pulse from Charles Gross
Merck (NYSE:MRK) has received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) for gefapixant, a non-narcotic oral selective P2X3 receptor antagonist developed for the treatment of adults with chronic cough. The recommendation will be reviewed by the European Commission for marketing authorization in the EU, with a final decision expected later this year.
July 21, 2023 | 11:53 am
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POSITIVE IMPACT
Merck's gefapixant has received a positive CHMP opinion, which could lead to marketing authorization in the EU. This could potentially boost Merck's revenues and market presence in the EU.
The positive opinion from CHMP is a significant step towards getting marketing authorization in the EU for gefapixant. If approved, this could lead to increased sales and revenues for Merck, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100