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NewLink Genetics shares plummet 44% after Merck, Incyte trial failure

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MarketWatch: Shares of Ames-based NewLink Genetics Corp. plummeted 44 percent by late morning today after Merck and Incyte Corp. said their trial testing a combination including a type of cancer drug called an IDO inhibitor had failed. The companies are stopping the trial. NewLink stock had dropped 39 percent in premarket trade immediately after the announcement.