Brainstorm Health Daily: February 15, 2017

Merck is the latest company to weather bad news in the Alzheimer’s drug race, halting a late-stage trial yesterday in an experimental amyloid-targeting candidate called verubecestat after a data monitoring committee said there was “virtually no chance of finding a positive clinical effect,” Reuters reported. Merck shares got hammered in after-hours trading Tuesday evening and during the early morning rush, but had fully recovered by mid-morning. (The stock is actually at a 52-week high now.) Who knows? Maybe savvy traders expected the rotten news. After all, Merck simply joins a…

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