Merck edges BMS in blockbuster battle

Jul 27, 2018

Reuters

Sales of Merck’s Keytruda rose 89.2 percent to $1.67 billion, edging past sales of its rival immunotherapy Opdivo made by Bristol-Myers Squibb.

Merck raised its full-year profit forecast after beating Wall Street estimates for quarterly profit as sales of its blockbuster cancer drug nearly doubled.

Keytruda and Opdivo both have numerous approvals for a wide range of cancers. While both drugs work by triggering the immune system to attack tumors, Merck leads in lung cancer treatments, both alone and in combination with chemotherapy.

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