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Stock impact report

Perlmutter-backed Eikon Therapeutics raises $381.2 million in IPO [Yahoo! Finance]

Merck & Company, Inc. (new) (MRK) 
Last merck & company, inc. (new) earnings: 4/28 06:45 am Check Earnings Report
US:NYSE Investor Relations: investors.merck.com/home/default.aspx
Company Research Source: Yahoo! Finance
This was at the high-end of the Roger ?Perlmutter-led company's targeted range of $16 to $18 a share. The offering comes as IPO activity shows signs of picking up in 2026, following a government shutdown in October of the ?previous year that ?forced many companies to delay their listing plans. Biotech offerings are also seeing a resurgence ?early this year, with drug developers including SpyGlass Pharma and AgomAb Therapeutics filing for U.S. listings in January. Eikon was founded ?in 2019 by Chemistry Nobel Prize winner Eric ?Betzig, along with Xavier Darzacq, Luke Lavis and Robert Tjian, and is developing a pipeline of experimental treatments for cancer. Its most advanced drug candidate, EIK1001, is being tested in combination with Merck's Keytruda in a mid-to-late ?stage trial for a form ?of skin cancer. The company ?expects an interim analysis from the study in the second half of 2026. The company's shares ?will start trading ?on the Nasdaq under the ticker symbol "EIKN Show less Read more
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