Merck bows outs of the COVID-19 vaccine program following unfavorable data

Merck & Co stock up 0.21% at closing despite company announcement regarding the COVID-19 vaccine

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Merck & Co is bowing out of the COVID-19 vaccine program after unfavorable data showed that 2 experimental vaccines did not generate immune responses as anticipated.

The U.S. pharmaceutical giant was banking on its decision to go another direction than other vaccine manufacturers but failed to hit the mark during testing.

https://flic.kr/p/2iBv3fR
Governor Tom Wolf/Flickr

Merck’s (MRX) stock fell 1.1% on Monday. However, the stock was up 0.21% at closing, defying logic.

Screenshot via Google Finance

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