Tak­ing dou­ble Covid-19 hits, Mer­ck writes off $170M for scrapped drug, high­lights $600M in missed sales

Mer­ck ac­quired MK-7110, the Covid-19 drug orig­i­nal­ly de­vel­oped by On­coIm­mune, for $425 mil­lion in cash. The de­ci­sion to scrap it has cost at least …

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