Merck & Co. MRK announced that the supplemental new drug application (sNDA) seeking approval of its new antibacterial injection Recarbrio for a new indication has been accepted by the FDA. The sNDA has been filed to get Recarbrio approved to treat adult patients with hospital-acquired bacterial pneumonia and ventilator-associated bacterial pneumonia (HABP/VABP) caused by certain susceptible Gram-negative microorganisms. With the FDA granting a priority review to the sNDA, a decision is expected on Jun 4, 2020.
Recarbrio is a fixed combination of relebactam and imipenem/cilastatin. Recarbrio was approved for the treatment of adults with complicated urinary tract infections and complicated intra-abdominal bacterial infections caused by certain susceptible gram-negative bacteria in July last year.
The sNDA submission is based on the results of the pivotal phase III RESTORE-IMI 2 study.
Shares of the company have gained 13.6% in the past year compared with the industry’s growth of 10.9%.
In a separate release, the company announced that the FDA approved updating the label of its insomnia drug Belsomra (suvorexant) C-IV to include data from a study, evaluating the drug for the treatment of insomnia in people with mild-to-moderate Alzheimer’s disease dementia. Belsomra is presently approved to treat insomnia, characterized by difficulties with sleep onset and/or sleep maintenance.
The update is based on the data from a multi-site 4-week polysomnography study, in which Belsomra demonstrated a statistically significant improvement in both Total Sleep Time (TST) and Wake After Sleep Onset (WASO) measures compared to those treated with placebo, as assessed objectively by polysomnography.
Merck & Co., Inc. Price
Merck & Co., Inc. price | Merck & Co., Inc. Quote
Zacks Rank and Stocks to Consider
Merck currently has a Zacks Rank #3 (Hold).
A few better-ranked stocks from the healthcare space are Pfizer, Inc. PFE, Sanofi SNY and Roche Holding AG RHHBY. While Pfizer sports a Zacks Rank #1 (Strong Buy), Sanofi and Roche carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Pfizer’s earnings per share estimates have moved up from $2.62 to $2.77 for 2020 and from $2.73 to $2.81 for 2021 in the past 90 days. The company delivered a positive earnings surprise of 7.46%, on average, in three of the last four quarters.
Sanofi’s earnings per share estimates have moved up from $3.26 to $3.29 for 2019 and from $3.45 to $3.49 for 2020 in the past 60 days. The company delivered a positive earnings surprise of 8.25%, on average, in the last four quarters.
Roche’s earnings per share estimates have increased from $2.61 to $2.66 for 2020 in the past 60 days.
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