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MRK FDA decision: Sep 22, 2026

Updated ·next FDA decision on the calendar
✓ APPROVED

WINREVAIR (sotatercept-csrk) label update approved: HYPERION trial data in adults newly diagnosed with PAH added to the U.S. label (announced Sep 22 2026).

Run-up into the decision (T-120 → T+5)

PDUFA 9/22/26$156.45$109.183/31/26
Daily close, T-120 (3/31/26) through T+0. Run-up high $156.45 on 8/25/26, low $109.18 on 4/30/26 (T-120 to T-1). FDA decision 9/22/26. Historical price action, not a forecast.

Key facts

FDA decision date2026-09-22
OutcomeApproved
Drug / candidateWINREVAIR (sotatercept-csrk) - HYPERION label update
IndicationPulmonary arterial hypertension (WHO Group 1): label updated with HYPERION data in adults newly diagnosed within 12 months
CompanyMerck & Co., Inc.
Market-cap tierLarge
120-day run-up (T-120→T-1)+24.3%
Cohort decision-day move (history)1.0% median (n=835)

The PDUFA goal date was September 21, 2026, sourced to Merck's Q2 2026 10-Q and its 8-K of February 3, 2026. Merck's release of September 22 calls it "today's approval", so the decision is recorded one day after the goal date; the FDA's supplement action letter is not yet in Drugs@FDA and the margin will be corrected if the letter is dated earlier. This is a supplemental application: the approved indication is unchanged and the label gains HYPERION efficacy and safety data plus additional hypersensitivity language.

Run-up figures are the stock's own daily closing path over the 120 trading days before the decision, from our price history. Cohort move is the historical median absolute decision-day move for this market-cap tier. History, not a prediction.

Primary source: Merck news release, September 22, 2026