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) will present findings from numerous studies, including the DYSCOVER study on DUODOPA® and advanced Parkinson's disease, during the 2020 International Congress of Parkinson's Disease and Movement Disorders, from September 12-16. The 12-week DYSCOVER study is the first to compare DUODOPA's efficacy against optimized medical treatment on dyskinesia, an involuntary movement symptom. Additionally, data on ABBV-951, a new treatment for advanced PD, will also be showcased. Overall, 18 abstracts will be presented, highlighting AbbVie's commitment to addressing Parkinson's disease challenges.
AbbVie Inc. (NYSE: ABBV) declared a quarterly cash dividend of $1.18 per share, payable on November 16, 2020, to stockholders of record as of October 15, 2020.
Since its inception, AbbVie has increased its dividend by 195% and is part of the S&P Dividend Aristocrats Index, recognizing companies with a history of annual dividend increases over 25 years.
AbbVie will participate in the Morgan Stanley 18th Annual Global Healthcare Conference on September 16, 2020, at 10 a.m. Central time. CEO Richard A. Gonzalez will present, and the session will be available via a live audio webcast on AbbVie's Investor Relations website, with an archived edition accessible later that day.
AbbVie aims to deliver innovative medicines across key therapeutic areas, including immunology, oncology, and neuroscience, and has a commitment to address serious health challenges.
AbbVie has submitted applications to the FDA and EMA for RINVOQ (upadacitinib) to treat active ankylosing spondylitis. This selective JAK inhibitor aims to address significant treatment gaps for patients suffering from this debilitating condition. The FDA application is backed by the SELECT-AXIS 1 Phase 2/3 trial, which showed that 52% of patients on RINVOQ met the treatment endpoint compared to 26% on placebo (p<0.001). RINVOQ previously gained approval for rheumatoid arthritis, but its safety and efficacy for ankylosing spondylitis remain unestablished. Innovation in this area is crucial given the limited options available.
AbbVie and Harvard University have established a $30 million collaborative research alliance to develop therapies for emergent viral infections, focusing on coronaviruses and hemorrhagic fever viruses. The initiative, announced on August 25, 2020, will leverage Harvard Medical School's (HMS) research capabilities and AbbVie's scientific expertise over a three-year timeline. The collaboration seeks to enhance the development of new therapeutics through multiple research areas including immunopathology and antibody therapeutics.
AbbVie (NYSE: ABBV) announced significant findings from the Phase 3 VIALE-A clinical study, published in the New England Journal of Medicine. The study focused on newly-diagnosed Acute Myeloid Leukemia (AML) patients, showing that the combination of venetoclax and azacitidine improved overall survival compared to azacitidine alone. Patients in the venetoclax group had a median survival of 14.7 months versus 9.6 months for the placebo group, with a 34% reduced risk of death (HR=0.66). AbbVie is seeking full FDA approval for this treatment.
AbbVie reported strong Q2 2020 results with net revenues of $10.425 billion, a 26.3% increase, despite a 5.3% decline on an operational basis due to COVID-19. Key drivers included an 8.1% revenue increase in immunology, with Humira revenues of $4.837 billion. The integration of Allergan is progressing positively, enhancing AbbVie's growth platform. Adjusted diluted EPS was $2.34, while the full-year guidance for adjusted diluted EPS is now set at $10.35 to $10.45, reflecting a 11% annualized growth from Allergan. The company also announced significant clinical advancements in its pipeline.
AbbVie (NYSE: ABBV) announced positive results from the Phase 3 ADVANCE trial for atogepant, a CGRP receptor antagonist, indicating significant reductions in mean monthly migraine days compared to placebo. The trial involved 910 patients, with all doses (10 mg, 30 mg, 60 mg) achieving statistically significant improvements. Approximately 55.6% - 60.8% of patients in treatment groups reported over 50% reduction in migraine days. AbbVie plans regulatory submissions in the US and other countries based on these findings.
AbbVie announced that upadacitinib (15 mg and 30 mg) plus topical corticosteroids met all co-primary and secondary endpoints in the Phase 3 AD Up study for treating moderate to severe atopic dermatitis. At week 16, 65% and 77% of patients on upadacitinib achieved a 75% improvement in eczema severity (EASI 75) compared to 26% on placebo. Additionally, significant reductions in itch and a higher number of topical corticosteroid-free days were noted. Safety profiles were consistent with previous studies, with no new risks identified.
AbbVie announced that upadacitinib, administered as monotherapy (15 mg and 30 mg daily), successfully met both primary and all secondary endpoints in the Phase 3 Measure Up 2 study for moderate to severe atopic dermatitis. The study demonstrated significant improvement in skin clearance and itch reduction, with 60% for 15 mg and 73% for 30 mg achieving EASI 75, compared to 13% in the placebo group. Early itch reduction was noted as well. No new safety risks were observed, and the study results indicate upadacitinib's potential to address the needs of patients suffering from this condition.
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