Merck shares are trading higher after the FDA approved CAPVAXIVE for the prevention of invasive pneumococcal disease and pneumococcal pneumonia in adults.
Portfolio Pulse from Benzinga Newsdesk
Merck shares are trading higher after the FDA approved CAPVAXIVE for the prevention of invasive pneumococcal disease and pneumococcal pneumonia in adults.

June 18, 2024 | 11:39 am
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Merck shares are trading higher following the FDA approval of CAPVAXIVE, a vaccine for preventing invasive pneumococcal disease and pneumonia in adults.
The FDA approval of CAPVAXIVE is a significant milestone for Merck, likely boosting investor confidence and driving the stock price higher in the short term. The approval opens up new revenue streams and strengthens Merck's product portfolio.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100