KEY POINTS
  • Merck announced Thursday it will end the development of a Covid-19 drug it acquired from biopharmaceutical company OncoImmune.
  • Merck disclosed in February that U.S. regulators had asked for more data on the drug to support a potential emergency use authorization.
  • Due to "regulatory uncertainties" and the time and resources needed to provide the additional data, Merck said it decided to discontinue the development of the drug.

Merck announced Thursday it will end the development of its experimental drug for patients hospitalized with severe Covid-19 after the Food and Drug Administration asked the company to provide additional data to support an emergency use authorization.

New Jersey-based Merck acquired the drug, MK-7110, through its $425 million acquisition of privately held biopharmaceutical company OncoImmune late last year.