Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Merck Halts Trial of Bone Drug After Favorable Results

Merck & Co. rose to its highest value in four years after the company said it will stop testing an experimental drug meant to prevent bone fractures in women with osteoporosis because the therapy worked so well in a trial.

Merck, based in Whitehouse Station, New Jersey, increased 4.1 percent to $42.91 at the close in New York, its biggest gain since August 2011 and highest price since March 2008.

The drug, odanacatib, has been tested in post-menopausal women with osteoporosis since 2007, and an advisory panel monitoring results recommended closing the phase 3 study early “due to robust efficacy,” Merck said yesterday said in a statement. The therapy would compete with Amgen Inc.’s bone-strengthening drug, Prolia. That medicine, approved in 2010, generated $203 million in 2011 sales, Thousand Oaks, California-based Amgen reported.

“The likelihood is that odanacatib will be more effective,” said Barbara Ryan, a Greenwich, Connecticut-based analyst with Deutsche Bank, who said today’s announcement will make investors realize the stock is undervalued. She has a buy rating on the stock and $47.25 price target.

“We have revenues for the product in 2016 of $800 million, it could certainly be more than that,” she said.

Merck is seeking new products while cutting jobs in preparation for facing generic competition next month in the U.S. to its best-selling asthma treatment Singulair. The company plans to submit the drug for regulatory approval in the U.S., European Union and Japan during the first half of next year.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.