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CLAIM #43613 · Merck & Company Inc (MRK) · 2025Q3 earnings call · Oct 30, 2025 · due Oct 30, 2027

We continue to expect that we're going to achieve 30% to 40% patient adoption and that, that will take us out to 18 to 24 months to achieve that.

Rob Davis · CEO

PENDING
graded after results covering Oct 30, 2027 are reported

How to check this claim

Look at: Patient adoption rate of subcutaneous KEYTRUDA (QLEX) as a percentage of eligible/total KEYTRUDA patients

It came true if: Patient adoption between 30% and 40% within 18-24 months from launch (approx. by 2027-04-30 to 2027-10-30)

Where: Management commentary on quarterly earnings calls (MRK) or company-disclosed KEYTRUDA/QLEX conversion metrics

In context

we expect modest growth for GARDASIL in the near term. Operator: Our next question comes from Luisa Hector with Berenberg. Luisa Hector: Just back to KEYTRUDA. Could you just update us on your latest expectations for conversion from IV to subcutaneous and the kind of pace that we could expect? And with that in mind, Caroline, you made a comment on KEYTRUDA growth at a slower pace for '26. So just to check whether that is the overall franchise or IV only? And will you report the sales separately? Robert Davis: Yes. Luisa, this is Rob. I'll maybe start and then Caroline can address the last part of your question. So if you look at expectations for QLEX, as we've said, it's early in the launch, but everything appears to be on track. And there's no changes to what we previously communicated. We continue to expect that we're going to achieve 30% to 40% patient adoption and that, that will take us out to 18 to 24 months to achieve that. So nothing has changed there. I would highlight, as we've pointed out in the past, that we will have a permanent J-code, but we won't get that probably for 6 months. And during that first 6-month window, you can anticipate a slower uptick just because with people using temporary J-codes, there can be longer reimbursement windows. And so some people will hesitate to order until they have the permanent J-code. We've done everything we can to learn from the other subcutaneous products that have launched ahead of us. I can tell you that we've put in place, I believe, a commercial contracting strategy that really will make it frictionless to convert patients over, or in the cases of new patients, to adopt the therapy, and that's important to make sure that we are driving this because access an

Verify independently

SEC filings for MRK · Claim quote is verbatim from the 2025Q3 earnings call.