Original title: Merck & Co Inc(MRK.US) rose by more than 3% to an all-time high with a market capitalization of more than $210 billion!
Merck & Co Inc (MRK.US), which closed 8.37 per cent higher on Friday, continued to rise today, hitting an intraday high of $84.54 and is now up 3.16 per cent at $83.97, with a temporary turnover of $1.4 billion and a new market capitalization of $212.5 billion.
The two companies will plan to apply for emergency use authorization (EUA) for the drug after the company announced on Friday that molnupiravir, an oral anti-novel coronavirus drug jointly developed with Ridgeback Biotherapeutics, will reduce the hospitalization rate and risk of death of mild or moderate COVID-19 patients who participated in the drug trial by 50%.
At present, some countries, including the United Kingdom and Malaysia, have expressed their willingness to buy this experimental antiviral drug, and Japan is in negotiations to buy its antiviral drug Molnupiravir.