FILE PHOTO: The word"COVID-19" is reflected in a drop on a syringe needle in this illustration
As a result, the company said it will not provide data from a larger late-stage study as planned this quarter and instead is considering modifying that trial with a possible data read-out delayed until the second half of 2022. Merck applied for U.S. emergency use authorization for its drug last week after it was shown to cut the rate of hospitalization and death by 50% in a trial of mild-to-moderately ill patients who had at least one risk factor for the disease.Atea's shares slumped 70.9% to $11.78 in premarket trading, while Roche shares fell 3%. Merck shares rose 3% to $79.60 before the bell, while Pfizer shares were up nearly 1%.
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