An Interesing16 Apr 2018 19:34
Read:
Merck says it has scrapped work in other diseases to put resources into Keytruda, marking a big cultural change for the company, according to people who have worked there.
"I said to everyone, 'Whatever other projects you're working on, you can stop now, because we're going to be doing this, and we're going to put a lot of muscle behind this,'" Dr. Perlmutter said. He said he based the decision on early clinical data showing that Keytruda shrank some tumors effectively, and on the knowledge that rival Bristol-Myers Squibb Co. had already released positive study results of its rival drug, Opdivo.
https://www.marketwatch.com/story/why-merck-is-betting-on-one-big-cancer-drug-2018-04-16
Merck up 2.2% not sure what amounts to in it's mcap increase but I imagine more than �50 million :)