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ABBVIE INC. - ABBV STOCK NEWS

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AbbVie Inc. (NYSE: ABBV), headquartered in North Chicago, Illinois, is a leading pharmaceutical company ranked 6th on the list of largest biomedical companies by revenue. Known for their commitment to delivering innovative medicines, AbbVie focuses on several key therapeutic areas including immunology, oncology, neuroscience, and eye care. Their portfolio also includes products and services in aesthetics through Allergan Aesthetics, a company they acquired in 2020.

AbbVie’s flagship product, Humira (adalimumab), generated $21 billion in revenue in 2022, accounting for 37% of the company's total revenues. Humira is approved for the treatment of various autoimmune diseases such as rheumatoid arthritis, Crohn's disease, plaque psoriasis, and ulcerative colitis. Beyond Humira, AbbVie has developed other notable immunology drugs, including Skyrizi and Rinvoq, which have shown strong market performance.

In the oncology sector, AbbVie markets Imbruvica and Venclexta, which are critical in treating hematological malignancies. The acquisition of Allergan also brought in new products in aesthetics, including Botox, which is not only a cosmetic treatment but also used therapeutically for various conditions.

AbbVie's research and development efforts are robust, with numerous clinical trials ongoing across its therapeutic areas. Recent achievements include positive topline results from the LEVEL UP study, which demonstrated the efficacy of Rinvoq in treating atopic dermatitis. Financially, AbbVie continues to perform well, reporting first-quarter 2024 revenues of $12.310 billion, a 0.7% increase from the previous year.

Strategic partnerships are also a cornerstone of AbbVie’s growth strategy. Recent collaborations include an agreement with Gilgamesh Pharmaceuticals to develop neuroplastogens for psychiatric disorders and a partnership with Landos Biopharma to enhance their immunology portfolio.

AbbVie remains focused on its mission to address serious health issues and improve patient outcomes globally, leveraging its comprehensive pipeline and innovative solutions in biomedical research.

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AbbVie announced promising Phase 2 CAPTIVATE study results for its investigational combination of IMBRUVICA® and VENCLEXTA® to treat previously untreated chronic lymphocytic leukemia (CLL) and small lymphocytic lymphoma (SLL). The combination achieved a complete response (CR) rate of 56% among patients without del(17p), with a 24-month progression-free survival of 95% and overall survival of 98%. Undetectable minimal residual disease was observed in 77% of patients. Safety profiles aligned with known adverse effects, with no new signals identified.

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AbbVie announced new long-term data from the Phase 3 RESONATE-2 study evaluating IMBRUVICA (ibrutinib) for chronic lymphocytic leukemia (CLL). Presenting at the ASCO Annual Meeting, results show sustained progression-free survival (PFS) and overall survival (OS) benefits with IMBRUVICA compared to chlorambucil over seven years. The study revealed a 61% PFS rate and 78% OS rate for IMBRUVICA. Additionally, data from the informCLL registry highlighted treatment alignment with NCCN guidelines, stressing the need for prognostic testing in high-risk patients for optimal therapy.

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AbbVie (NYSE: ABBV) will present at the Goldman Sachs 42nd Annual Global Healthcare Conference on June 8, 2021. The event will feature key executives including Michael Severino, Robert A. Michael, and Jeffrey R. Stewart, who will participate virtually at 8:40 a.m. Central time.

A live audio webcast will be available on AbbVie's Investor Relations website, with an archived version to follow later that day.

AbbVie aims to deliver innovative medicines across multiple therapeutic areas, enhancing lives and addressing future medical challenges.

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AbbVie announced positive top-line results from the Phase 3 FORTIFY study, demonstrating that risankizumab 360 mg achieved significant endoscopic response and clinical remission in adult patients with moderate to severe Crohn's disease after one year. Key results included 47% achieving endoscopic response and 52% achieving clinical remission, compared to only 22% and 41% in the control group, respectively. Risankizumab 180 mg also met co-primary endpoints in the U.S. analysis. No new safety risks were identified, maintaining a consistent safety profile. Full results will be presented at future conferences.

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AbbVie (NYSE: ABBV) has released positive results from the Phase 3 SELECT-PsA 2 clinical trial of RINVOQ® (upadacitinib, 15 mg, once daily), showing sustained improvements in active psoriatic arthritis for over one year. At week 56, 29% of patients achieved minimal disease activity, and 60% achieved ACR20 response. The study also reported improvements in skin clearance and no new significant safety issues. These results highlight RINVOQ's potential in managing psoriatic arthritis symptoms long-term, supporting its recent EU approval for this indication.

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AbbVie announced new data presented at EULAR 2021, showing RINVOQ (upadacitinib) 15 mg leads to higher rates of clinical remission and low disease activity in moderate to severe rheumatoid arthritis patients compared to HUMIRA (adalimumab) over three years. Clinical remission was achieved in 32% of RINVOQ patients versus 22% with HUMIRA. The safety profile of RINVOQ remained consistent over 4.5 years, with no new risks identified. Overall, this data reinforces the efficacy and safety of RINVOQ as a treatment option.

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AbbVie (NYSE: ABBV) will participate in Bernstein's 37th Annual Strategic Decisions Conference on June 2, 2021, at 2:30 p.m. Central Time. Presenters will include Michael Severino, M.D., vice chairman and president, and Robert A. Michael, executive vice president and CFO. A live audio webcast will be available on AbbVie's Investor Relations website, with an archived edition posted later the same day. AbbVie is committed to developing innovative medicines across various therapeutic areas, including immunology, oncology, and neurology.

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AbbVie (NYSE: ABBV) will present key data from its migraine portfolio at the 2021 American Headache Society Annual Scientific Meeting, scheduled for June 3-6. A total of 23 abstracts, including four podium presentations, will cover significant findings on preventive and acute migraine treatments, highlighting atogepant and UBRELVY®. Dr. Mitchell Mathis emphasized the importance of these advancements in addressing the debilitating impact of migraines on millions. Presentations will include studies on treatment gaps, efficacy, and patient quality of life, showcasing AbbVie's commitment to the migraine community.

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AbbVie (NYSE: ABBV) has received European Commission approval for VENCLYXTO (venetoclax) in combination with hypomethylating agents azacitidine or decitabine. This treatment is aimed at adult patients with newly diagnosed acute myeloid leukemia (AML) who cannot undergo intensive chemotherapy. The approval applies to all 27 EU member states, Iceland, Liechtenstein, and Norway. Clinical trials indicate that this combination improves overall survival compared to azacitidine alone, marking a significant advancement in AML treatment options.

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AbbVie (NYSE: ABBV) announced it will present 41 abstracts on its immunology assets at the EULAR 2021 Virtual Congress from June 2-5. Key data includes RINVOQ efficacy and safety results for rheumatoid arthritis (RA) and psoriatic arthritis (PsA) from one to three years. Additionally, integrated safety data from Phase 3 SELECT trials for RINVOQ will be discussed, highlighting AbbVie's focus on advancing treatment for rheumatic diseases. The company's commitment to innovation in rheumatology is underscored by these presentations.

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FAQ

What is the current stock price of ABBVIE (ABBV)?

The current stock price of ABBVIE (ABBV) is $166.28 as of November 18, 2024.

What is the market cap of ABBVIE (ABBV)?

The market cap of ABBVIE (ABBV) is approximately 293.7B.

What is AbbVie's primary product?

AbbVie's primary product is Humira (adalimumab), which generated $21 billion in revenue in 2022.

What are the key therapeutic areas AbbVie focuses on?

AbbVie focuses on immunology, oncology, neuroscience, and eye care.

What significant achievement did AbbVie report in their research efforts?

AbbVie reported positive results from the LEVEL UP study, demonstrating the efficacy of Rinvoq in treating atopic dermatitis.

Who are AbbVie's notable partners?

AbbVie has strategic partnerships with companies like Gilgamesh Pharmaceuticals and Landos Biopharma.

What are some of AbbVie's key oncology products?

Key oncology products include Imbruvica and Venclexta.

How did AbbVie perform financially in the first quarter of 2024?

AbbVie reported first-quarter 2024 revenues of $12.310 billion, a 0.7% increase from the previous year.

What products did AbbVie acquire through Allergan?

Through Allergan, AbbVie acquired products in aesthetics, including Botox.

What is AbbVie's mission?

AbbVie's mission is to discover and deliver innovative medicines that solve serious health issues and improve patients' lives globally.

What percentage of revenue did Humira contribute in 2022?

Humira contributed 37% of AbbVie's total revenues in 2022.

Where is AbbVie headquartered?

AbbVie is headquartered in North Chicago, Illinois.

ABBVIE INC.

NYSE:ABBV

ABBV Rankings

ABBV Stock Data

293.72B
1.77B
0.1%
73.43%
1.03%
Drug Manufacturers - General
Pharmaceutical Preparations
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United States of America
NORTH CHICAGO