Merck KGaA stock falls after cancer trial setback

Innovation Center at Merck Headquarters in Darmstadt, Germany

Anne Czichos

Shares of Merck KGaA (OTCPK:MKGAF) (OTCPK:MKKGY) fell in European trading on Tuesday after the German drugmaker said it would discontinue a late-stage trial for its head and neck cancer therapy xevinapant as its early results indicated a potential failure.

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