Welcome to our dedicated page for Abbvie news (Ticker: ABBV), a resource for investors and traders seeking the latest updates and insights on Abbvie stock.
AbbVie Inc. (NYSE: ABBV) is a pharmaceutical preparation manufacturing company that regularly issues news on its medicines, research programs, collaborations and manufacturing plans. Company communications emphasize a mission to discover and deliver medicines and solutions in key therapeutic areas such as immunology, oncology, neuroscience and eye care, as well as offerings in its Allergan Aesthetics portfolio.
News about AbbVie often covers clinical and scientific developments, particularly in oncology and blood cancers. The company has reported new data at major medical meetings, including results for investigational agents like etentamig (ABBV‑383) and PVEK, and updates on approved medicines such as EPKINLY (epcoritamab-bysp) and VENCLEXTA (venetoclax). Releases may detail trial outcomes, regulatory milestones, and additional indications under investigation.
Investors and observers can also find corporate and financial updates in AbbVie’s news flow, including announcements of earnings conference calls, participation in healthcare and investor conferences, and guidance-related information that aligns with its SEC filings. The company additionally highlights strategic agreements and collaborations, such as its exclusive licensing agreement with RemeGen for the PD‑1/VEGF bispecific antibody RC148 and its voluntary agreement with the U.S. administration focused on access, affordability and U.S.-based investment.
Another recurring theme in AbbVie’s news is manufacturing and investment activity. The company has announced a definitive agreement to acquire a device manufacturing facility in Tempe, Arizona, to expand drug delivery device manufacturing for immunology and neuroscience medicines, and has referenced multi‑year commitments to U.S. R&D and capital investments. AbbVie also publishes stories on patient- and community-focused initiatives, such as the “Second Winds” film about people living with chronic lymphocytic leukemia. For readers tracking ABBV, this news stream provides insight into the company’s research pipeline, regulatory progress, capital allocation and patient engagement efforts.
Allergan Aesthetics, a subsidiary of AbbVie (NYSE: ABBV), has announced an agreement to acquire Soliton (NASDAQ: SOLY) for $22.60 per share in cash, valuing the transaction at approximately $550 million. This acquisition aims to enhance Allergan's portfolio with Soliton's RESONICTM device, which has received FDA 510(k) clearance as a non-invasive cellulite treatment. The deal, approved by both companies' boards, is subject to customary closing conditions. Allergan's established market presence is expected to maximize the commercial potential of Soliton's technology.
AbbVie reported strong first-quarter results for 2021, with worldwide GAAP net revenues of $13.010 billion, up 51%. Adjusted net revenues increased 5.2% to $12.935 billion. The immunology portfolio contributed $5.744 billion. Notable products include Humira with revenues of $4.867 billion, and Skyrizi at $574 million. AbbVie anticipates multiple product approvals in 2021, raising full-year GAAP diluted EPS guidance to $6.89-$7.47 and adjusted EPS to $12.37-$12.57.
Allergan, a subsidiary of AbbVie (NYSE: ABBV), will present new data on its eye care portfolio at the 2021 ARVO Annual Virtual Meeting from May 1-7. This includes patient-reported outcomes for AGN-190584, an investigational treatment for presbyopia, for which a New Drug Application has been submitted to the FDA. Key presentations will cover the effectiveness of DURYSTA™ in lowering intraocular pressure and real-world data from the multicenter EXPAND study involving the XEN® Gel Stent. The meeting will showcase advancements in treating challenging eye conditions.
AbbVie (NYSE: ABBV) received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency for VENCLYXTO® (venetoclax) combined with hypomethylating agents to treat adults with newly diagnosed acute myeloid leukemia (AML) ineligible for intensive chemotherapy. This recommendation supports AbbVie’s mission to enhance treatment options for patients facing this aggressive cancer. The final decision from the European Commission is anticipated in the first half of 2021, following promising trial results indicating improved survival rates.
AbbVie has submitted applications to the FDA and EMA for SKYRIZI® (risankizumab-rzaa) to treat adults with active psoriatic arthritis. These submissions are based on two pivotal Phase 3 trials, KEEPsAKE-1 and KEEPsAKE-2, demonstrating significant improvements in disease activity and skin clearance at week 24. SKYRIZI, an IL-23 inhibitor, aims to provide effective treatment for patients who have not responded to other therapies. The safety profile remains consistent with previous studies, showing no new risks.
AbbVie (NYSE: ABBV) will showcase new data from its neuroscience portfolio at the virtual 2021 American Academy of Neurology (AAN) Annual Meeting, occurring from April 17-22. A total of 33 abstracts will be presented, including one podium and three oral presentations, focusing on migraine, advanced Parkinson's disease, and spasticity. Highlights include pivotal Phase 3 data on atogepant for migraine prevention and the study of ABBV-951, a continuous infusion treatment for advanced Parkinson's disease. AbbVie aims to make significant impacts on neurological disorders through its innovative treatments.
AbbVie announced an extension of the FDA review period for the supplemental New Drug Application (sNDA) of upadacitinib for moderate to severe atopic dermatitis. The action date has been moved to early Q3 2021, a three-month extension. This request from the FDA was for an updated assessment of the drug's benefit-risk profile, expected due to the complexity of the review process. AbbVie remains optimistic about the application and continues to collaborate with the FDA to expedite the approval process for this important treatment option.
Allergan Aesthetics, part of AbbVie, has launched SkinMedica® Neck Correct Cream to target neck and décolleté aging. This innovative product is designed to firm, tighten, and improve the appearance of moderate to severe neck aging, featuring efficacy in clinical studies with users reporting significant satisfaction. It targets key aging concerns using a blend of peptides, antioxidants, and botanical extracts. Priced at $135, it’s available through licensed physicians and spas, supported by a digital campaign highlighting its performance. For more details, visit SkinMedica.com.
AbbVie (NYSE: ABBV) announced the publication of the 24-week results from its Phase 3 SELECT-PsA 1 trial evaluating RINVOQ™ (upadacitinib) for active psoriatic arthritis. The trial demonstrated that RINVOQ 15 mg and 30 mg significantly improved clinical outcomes, including ACR20 response and resolution of enthesitis, compared to placebo. The European Commission has approved RINVOQ for psoriatic arthritis, while the U.S. regulatory evaluation is ongoing. The safety profile was comparable to adalimumab, with upper respiratory infections as the most common adverse effect.
AbbVie (NYSE: ABBV) is set to announce its first-quarter 2021 financial results on April 30, 2021, prior to market opening. A live webcast of the earnings conference call will occur at 8 a.m. Central time on the same day, available via AbbVie's Investor Relations website. This announcement showcases AbbVie's commitment to transparency regarding its financial performance and operational updates, emphasizing its ongoing mission to address serious health issues through innovative medicines.
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