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.
AbbVie (NYSE: ABBV) and Frontier Medicines have entered a strategic collaboration aimed at discovering and commercializing small molecule therapeutics targeting challenging protein targets, especially in oncology and immunology.
AbbVie will provide an upfront payment of $55 million and cover Frontier's R&D costs through early development phases. Frontier can receive additional milestone payments, potentially exceeding $1 billion, as well as royalties on commercialized products. This partnership enhances AbbVie's focus on innovative drug development, particularly in protein degradation.
AbbVie will conduct a virtual immunology strategic update for investors on December 14, 2020, at 9:00 a.m. Central time. Richard A. Gonzalez, CEO, alongside the executive leadership team, will discuss AbbVie's immunology business and pipeline. Investors can access a live audio webcast on AbbVie's Investor Relations site, with an archived version available later that day. AbbVie's mission focuses on developing innovative medicines across various therapeutic areas, including immunology, oncology, and more.
AbbVie (NYSE: ABBV) will participate in the Evercore ISI Virtual HealthCONx Conference on December 2, 2020, at 1:40 p.m. CT, and the Piper Sandler Virtual Healthcare Conference on December 3, 2020, at 10 a.m. CT. Key executives, including Michael Severino, M.D., and Robert A. Michael, will present at both venues. Investors can access a live audio webcast from AbbVie's Investor Relations website, with archived versions available later that day. AbbVie's mission focuses on delivering innovative medicines across various therapeutic areas.
AbbVie announced the expiration and results of its Registered Exchange Offers for its outstanding senior unsecured notes totaling $30 billion and €2.5 billion. The offers concluded on November 17, 2020, with an impressive participation rate across multiple notes, notably a 100% exchange of the Senior Floating Rate Notes due November 2021. The company is set to settle the exchanges on November 19, 2020. The new Registered Notes will have similar terms to the Original Notes but will be registered under the Securities Act, eliminating certain transfer restrictions.
Summary not available.
AbbVie will participate in the Wolfe Research Healthcare Conference on November 19, 2020. Presenters include Michael Severino, vice chairman and president, and Robert A. Michael, CFO, scheduled for 11:35 a.m. Central time. A live audio webcast will be available on AbbVie’s Investor Relations website, with an archived version accessible later the same day.
AbbVie focuses on delivering innovative medicines across various therapeutic areas, including immunology and oncology.
AbbVie (NYSE: ABBV) will present nearly 40 abstracts, including 10 oral presentations, at the virtual American Society of Hematology (ASH) Annual Meeting from December 5-8, focusing on blood cancers.
Key studies include updated results from the CAPTIVATE study on chronic lymphocytic leukemia (CLL) treatments and data from collaborations with Genmab and I-Mab. Notable presentations involve long-term efficacy analyses and real-world patient data on therapies like Ibrutinib and Venetoclax.
AbbVie reported third-quarter 2020 financial results with net revenues of $12.902 billion, a 52.1% increase. Adjusted net revenues were $12.882 billion, up 4.1%. The company highlighted growth from key products like Skyrizi and Rinvoq. Humira net revenues were $5.140 billion, with a 4.1% increase. Rinvoq and Venclexta received FDA applications for new indications. EPS reached $1.29 (GAAP) and $2.83 (adjusted). AbbVie announced a 10.2% dividend increase, reflecting a commitment to shareholder returns.
AbbVie presented late-breaking data at the EADV Virtual Congress demonstrating that its drug, upadacitinib, significantly improves skin clearance and reduces itch in atopic dermatitis patients when compared to placebo. In Phase 3 studies, EASI 90 improvement was observed in 53-66% of patients at week 16 versus only 5-8% in the placebo group (p<0.001). Significant itch reduction was also noted. These findings support FDA and EMA approval applications for treating moderate to severe atopic dermatitis. No new safety risks were identified during the trials.
AbbVie (NYSE: ABBV) announced new data presentations for its drugs RINVOQ (upadacitinib) and HUMIRA (adalimumab) at the upcoming ACR Convergence 2020, taking place from November 5-9. A total of 38 abstracts will be showcased, covering various studies in rheumatoid arthritis, psoriatic arthritis, and ankylosing spondylitis. Key findings include 84-week and 72-week data on RINVOQ's efficacy and safety as a monotherapy and in comparison to HUMIRA. Presentations will also highlight patient-reported outcomes and long-term safety data for RINVOQ in treating these conditions.
FAQ
What is the current stock price of Abbvie (ABBV)?
What is the market cap of Abbvie (ABBV)?
