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Stock impact report

Shares of Merck gain on COVID-19 research collaboration [MarketWatch]

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: MarketWatch
Shares of Merck & Co. Inc. gained 1.9% in premarket trading on Monday after the drugmaker announced a COVID-19 collaboration with the Institute for Systems Biology (IBS), a research organization. The aim, they said, is to identify molecular mechanisms of infections caused by the novel coronavirus. Merck said it is has received funding from the Biomedical Advanced Research and Development Authority to support the research. As part of a scientific trial included in the collaboration, researchers plan to analyze blood samples and nasal swabs of 200 patients who have tested positive for COVID-19 and are being cared for at Swedish Medical Center in Seattle by collecting them several times. The ISB and Swedish Medical Center are both part of the Providence St. Joseph Health hospital system. "Understanding the molecular characteristics of SARS-CoV-2 infection, and of the immune response to this virus, is essential to the development of effective interventions," Dr. Roger Perlmutter, presiden Show less Read more
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