Merck Gains FDA Approval for Cattle Antiparasitic Amid Market Indifference
Merck & Co. secured conditional FDA approval for two antiparasitic treatments targeting livestock threats, yet investor response remained tepid. The stock dipped 0.72% to $101.53, underperforming broader indices despite the regulatory win.
Exzolt Cattle-CA1 and Dectomax-CA1 address New World screwworm larvae and cattle fever ticks—parasites posing significant economic risks to U.S. agriculture. The fast-tracked approvals highlight urgent animal health needs, though Merck's market lag suggests muted Optimism about near-term revenue impact.