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The CHMP opinion is a key regulatory step toward EU marketing authorization for the combination in this second-line ccRCC setting. A positive opinion typically precedes a European Commission decision, which would make the regimen available across EU member states. The recommendation expands Merck's oncology portfolio into a combination approach for patients whose disease has progressed after checkpoint inhibitor treatment. Next, investors will watch for the European Commission's formal approval decision and any subsequent reimbursement and launch timelines.

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Merck (MRK), Welireg (belzutifan), Lenvatinib, CHMP

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