Merus stock jumps 10% after FDA’s action on cancer drug

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Merus stock jumps 10% after FDA’s action on cancer drug
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Shares of Merus NV rallied as much as 10% in the extended session Thursday after the pharma company said the U.S. Food and Drug Administration has granted...

Shares of Merus NV MRUS rallied as much as 10% in the extended session Thursday after the pharma company said the U.S. Food and Drug Administration has granted one of its cancer treatments a breakthrough therapy designation, intended for expedite the development and review of a drug to treat serious illness. The drug, zenocutuzumab, is geared to the treatment of patients with a type of advanced, metastatic pancreatic cancer.

... Shares of Merus NV MRUS rallied as much as 10% in the extended session Thursday after the pharma company said the U.S. Food and Drug Administration has granted one of its cancer treatments a breakthrough therapy designation, intended for expedite the development and review of a drug to treat serious illness. The drug, zenocutuzumab, is geared to the treatment of patients with a type of advanced, metastatic pancreatic cancer.

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