Stock Markets July 23, 2026 09:27 AM

Agilent Shares Climb After EU Clears PD-L1 Diagnostic for Ovarian Cancer

Regulatory nod expands indications for PD-L1 IHC 22C3 pharmDx and supports clinicians identifying candidates for pembrolizumab

By Priya Menon
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Agilent Technologies saw its stock rise in premarket trading after receiving European Union certification for its PD-L1 IHC 22C3 pharmDx companion diagnostic to identify PD-L1 expression in certain ovarian-related cancers, a clearance that links the test to potential treatment with Merck's KEYTRUDA (pembrolizumab). The approval represents the eighth CE-marked companion diagnostic indication for the assay in the EU and follows clinical evaluation in the KEYNOTE-B96/ENGOT-ov65 trial.

Agilent Shares Climb After EU Clears PD-L1 Diagnostic for Ovarian Cancer
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Key Points

  • Agilent's PD-L1 IHC 22C3 pharmDx (Code SK006) received EU certification for use in epithelial ovarian, fallopian tube, and primary peritoneal carcinoma to identify PD-L1 expression.
  • The approval allows the diagnostic to be used to identify patients who may be eligible for treatment with Merck's KEYTRUDA (pembrolizumab) and is supported by data from the KEYNOTE-B96/ENGOT-ov65 clinical trial in the platinum-resistant setting.
  • This marks the eighth CE-marked companion diagnostic indication for the assay in the EU; the diagnostic is already indicated for several other tumor types including non-small cell lung cancer and triple-negative breast cancer.

Agilent Technologies Inc. shares climbed 3.2% in premarket trading Thursday after the company announced that it received European Union certification for its PD-L1 IHC 22C3 pharmDx companion diagnostic for ovarian cancer.

The CE mark authorizes use of the diagnostic to identify patients with epithelial ovarian, fallopian tube, or primary peritoneal carcinoma whose tumors express PD-L1 and who may be eligible to receive treatment with Merck's KEYTRUDA (pembrolizumab). The approval extends the diagnostic's role in guiding therapeutic decisions where treatment choices can be limited for many patients.

Agilent and Merck developed PD-L1 IHC 22C3 pharmDx, Code SK006, as a companion diagnostic for KEYTRUDA. In the European Union this indication represents the eighth CE-marked companion diagnostic use for the assay. The test enables pathologists to quantify PD-L1 expression to support physicians in identifying candidates for pembrolizumab therapy.

The regulatory decision is supported by data in which PD-L1 expression was evaluated using the diagnostic in the KEYNOTE-B96/ENGOT-ov65 clinical trial. That study's data underpin the diagnostic's intended use to identify patients who may be eligible for pembrolizumab in the platinum-resistant setting.

Beyond this new ovarian-related indication, the PD-L1 IHC 22C3 pharmDx assay is already indicated in the EU to help identify patients across several other tumor types who may be eligible for KEYTRUDA. Those tumor types include non-small cell lung cancer, esophageal cancer, cervical cancer, head and neck squamous cell carcinoma, triple-negative breast cancer, gastric or gastroesophageal junction adenocarcinoma, and urothelial carcinoma.

Agilent, which is based in Santa Clara, California, reported revenue of $6.95 billion in fiscal year 2025 and employs roughly 18,000 people worldwide. The company's collaboration with Merck on the PD-L1 IHC 22C3 pharmDx diagnostic links its pathology testing capabilities directly to a specific immunotherapy treatment option.


Key context

  • Regulatory clearance covers epithelial ovarian, fallopian tube, and primary peritoneal carcinoma where PD-L1 expression is present.
  • The diagnostic's use in the EU now includes eight CE-marked companion diagnostic indications for PD-L1 IHC 22C3 pharmDx, Code SK006.
  • Clinical evidence from the KEYNOTE-B96/ENGOT-ov65 trial supports the diagnostic's role in identifying pembrolizumab candidates in the platinum-resistant setting.

Market reaction

The announcement coincided with a 3.2% premarket uptick in Agilent's shares as investors reacted to the expanded regulatory clearance for the diagnostic.

Risks

  • The diagnostic's clinical use is linked to identifying patients who may be eligible for pembrolizumab in the platinum-resistant setting - the approval and clinical support are limited to the specific trial evidence cited.
  • Regulatory approval applies to specific tumor types and PD-L1 expression status; applicability outside those defined indications is not supported by the information provided.
  • Market reaction to the regulatory news was confined to premarket trading; future stock movements may vary and depend on broader adoption and clinical uptake, which are not quantified here.

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