Stocks making the biggest moves premarket: IMAX, Merck, Estee Lauder & more - CNBC
π Merck shares jumped nearly 3.5% in premarket trading following a major clinical trial success.
π¬ The phase 3 study for its lung cancer treatment showed a 65% reduction in tumor progression risk.
π€ The positive data validates the partnership between Merck and Chinese-based Kelun-Biotech.
π The news was reported on Friday, May 22, 2026, as part of a broader premarket market update.
π The clinical result specifically targets lung cancer patients, enhancing Merck's oncology division.
- Merck received a significant share price increase of almost 3.5% driven by strong clinical trial data.
- The phase 3 study demonstrated a substantial 65% reduction in tumor progression risk for the lung cancer treatment.
- The successful partnership with Kelun-Biotech is being validated by these positive efficacy results.
- Investors reacted positively to the confirmation that the drug meets its primary endpoint of reducing tumor progression.