Merck, Ridgeback withdraw COVID drug application in EU

Merck

Merck, Ridgeback withdraw COVID drug application in EU

June 27 (Reuters) – Merck and Co (MRK.N) and partner Ridgeback Biotherapeutics said on Tuesday they had withdrawn their COVID-19 pill application in the European Union, months after the region’s regulator did not back the drug citing insufficient data.

Merck had requested the regulator’s Committee for Medicinal Products for Human Use (CHMP) to re-examine the application for molnupiravir, which is sold under the brand Lagevrio in several countries, after CHMP advised against its market authorization in February. The agency had said the drug could not demonstrate benefits in treating COVID patients who did not need oxygen support and were at the risk of their disease worsening.

“We are evaluating our options on how we can generate additional evidence supportive of Lagevrio for the treatment of COVID-19,” Merck’s research head Dean Li said in a statement on Tuesday.

Lagevrio is authorized as a COVID treatment for high-risk patients in more than 25 countries including Australia, Japan, U.S., UK and China, but its sales have slumped recently as cases have declined.

The drug’s sales plummeted 88% to $392 million in the first quarter.

The pill has also suffered as it was shown to be only 30% effective compared with nearly 90% effectiveness for Pfizer’s COVID drug, Paxlovid.

Reporting by Leroy Leo in Bengaluru Editing by Vinay Dwivedi
 
Source: Reuters