Mark’s stock hit a six-month high on Tuesday after Dow Jones estimated the maximum revenue from heavyweight cardiovascular drugs at 10 billion.
The approximately approved drug pipeline has tripled since last year, Mark (MRK) in a presentation. It now includes Axileron Pharma Sotatercept, a potential treatment for high blood pressure in the lungs. Mark bought Acceleron last year for চুক্ত 11.5 billion in a deal that sent Mark’s stock higher.
Mark is also working to treat blood clots in the arteries and build-up plaque.
In today’s stock market, Merck stock moved 0.3% to 83.72.
Mark Stock: Focus on heart disease
Mark sells countless treatments for cardiovascular disease, including established brands such as Jetia and Vitorin. Both are cholesterol medications. Collaborates with Buyer (BAYRY) on the treatment of heart disease with adampus. Adampus treats high blood pressure in the lungs.
Now Mark says it’s focusing on unnecessary areas. The agency notes that half of all heart-failure patients die within five years of diagnosis. More than four out of 10 patients with pulmonary arterial hypertension – conditions observed by Adampus and Sotterscept – die within five years of diagnosis.
“Existing therapies only treat PAH symptoms, not the underlying cause of the disease,” Mark said in his presentation.
Merck expects eight new approvals across its cardiovascular pipeline by 2030. These approvals will come from five drugs, including Sotatercept and Varquvo. Bullish view has persuaded Mark Stock to touch the highest point since the end of October.
It also targets blood clots in the veins or arteries and atherosclerosis, a condition where built-up cholesterol in the arteries impedes blood flow. About 85% of cardiovascular deaths are due to atherosclerotic cardiovascular disease, Mark said.
Shares are forming a cup base with a buy point at 91.50, according to Marketsmith.com.
Mark’s stock has accelerated since the end of February. According to IBD Digital, the shares now have a composite rating of 94, which puts them in the top 6% of all stocks in terms of basic and technical systems. The drug giant has a relative strength rating of 84, reflecting its strong stock performance.
Follow Alison Gatlin on Twitter @IBD_AGatlin.
You may also like:
Why Conscious Investors Look for ‘Storm Ports’ like Agilent, Thermo Fisher and others
Gift Chinese regulators have only given tech stocks like Alibaba and Beijing
Best Growth Stocks to Buy and View: See IBD Stock List Updates
Want to get quick profit and avoid big losses? Try SwingTrader
Option Trading: How to start using options, how to manage risk