Latest news with #AbbVieInc
Yahoo
15-07-2025
- Business
- Yahoo
AbbVie (ABBV) Strengthens Pays $700M to Strengthen Oncology Portfolio with ISB 2001
AbbVie Inc. (NYSE:ABBV) is one of Goldman Sachs' top healthcare stock picks. On July 10, the stock jumped 3.4% on the confirmation of an exclusive licensing deal with IGI Therapeutics. The agreement is for lead asset ISB 2001, which targets oncology and autoimmune diseases. Under the terms of the agreement, AbbVie has secured rights to develop, manufacture, and commercialize the treatment option across North America, Europe, Japan, and Greater China. In return, the company is to pay $700 million to IGI Therapeutics to secure the rights. 'Multispecifics including trispecific antibodies represent a new frontier in immuno-oncology with the potential to deliver deeper, more durable responses by engaging multiple targets simultaneously,' said Roopal Thakkar, M.D., executive vice president of research and development and chief scientific officer at AbbVie. While the company will also incur milestone payments totaling $1.225 billion, the acquisition is poised to bolster its pipeline of drugs. The acquisition of ISB 2001 rights paves the way for AbbVie to expand and strengthen its oncology portfolio. The asset has the potential to address unmet needs in the treatment of multiple myeloma. AbbVie Inc. (NYSE:ABBV) is a biopharmaceutical company dedicated to discovering, developing, and commercializing innovative medicines and solutions that address complex health issues. It advances therapies in areas of immunology, oncology, neuroscience, and virology. While we acknowledge the potential of ABBV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 11 Best Green Energy Penny Stocks to Buy Right Now and 10 Most Popular AI Penny Stocks to Buy According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
09-07-2025
- Business
- Yahoo
Morgan Stanley Maintained an Overweight Rating on AbbVie (ABBV)
AbbVie Inc. (NYSE:ABBV) is one of the best high growth stocks. On June 30, Morgan Stanley maintained an Overweight rating and a $250 price target on AbbVie, in light of the company's recent acquisition announcement. Recently, AbbVie announced its intention to acquire Capstan Therapeutics, a clinical-stage biotechnology firm specializing in in-vivo cell engineering through RNA delivery platforms, for up to $2.1 billion in cash, contingent upon standard closing conditions. The company has a robust financial foundation, including a 71% gross profit margin and 5.45% year-over-year revenue growth, making AbbVie strategically positioned to integrate this acquisition and advance its innovation pipeline. A pharmacist handing out a pharmaceutical drug to a patient in a drug store or chemist. As part of the agreement, AbbVie Inc. (NYSE:ABBV) will gain access to CPTX2309, an in-vivo anti-CD19 CAR-T candidate currently undergoing Phase 1 clinical evaluation for B cell-mediated autoimmune disorders. The acquisition also includes Capstan's proprietary lipid nanoparticle (LNP) platform, which enables targeted RNA delivery for the in-vivo engineering of specific cell populations. According to Morgan Stanley, the deal represents a constructive step forward for AbbVie, enhancing its technological capabilities and reinforcing its pipeline in early-stage immunological research. This move complements AbbVie's previously outlined growth agenda, which forecasts expansion through 2032, with recent technology acquisitions offering critical optionality and pipeline diversification. AbbVie Inc. (NYSE:ABBV) is a global biopharmaceutical company focused on the discovery, development, and commercialization of therapies including immunology, oncology, neuroscience, virology, and ophthalmology. While we acknowledge the potential of ABBV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-06-2025
- Business
- Yahoo
AbbVie (ABBV) Reports Positive Migraine Drug Results in Phase 3 Trial
AbbVie Inc. (NYSE:ABBV) is one of the 10 undervalued blue chip stocks analysts recommend for smart investing. On June 18, the company published its Phase 3 TEMPLE study results, which were positive. The study evaluated the tolerability, safety, and efficacy of atogepant (marketed as QULIPTA or AQUIPTA) compared to topiramate for the preventive treatment of migraine in adults. A clinical researcher in a lab examining a new biopharmaceutical product. Atogepant is an oral medication taken once daily to prevent migraines. It works by specifically blocking the activity of a natural messenger molecule in the patient's body called Calcitonin Gene-Related Peptide (CGRP). When CGRP is highly active, it can trigger migraine attacks. Atogepant essentially acts like a 'bouncer,' occupying the 'receptors' or 'docking stations' where CGRP would normally attach. As a result, it prevents CGRP from sending pain signals and significantly reduces how often migraines occur. According to the published results, atogepant successfully met its primary endpoint. The medication demonstrated fewer treatment discontinuations attributed to adverse events (AEs) than topiramate. AbbVie Inc. (NYSE:ABBV) is an American biopharmaceutical company with global operations. It discovers, develops, and markets medicines across several therapeutic areas, including immunology, oncology, neuroscience, eye care, and virology. Its major products include Humira, Skyrizi, Rinvoq, Imbruvica, Venclexta, Botox, and Vraylar. While we acknowledge the potential of ABBV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Biotech Stocks Screaming a Buy and 13 Best Software Stocks to Buy Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-06-2025
- Business
- Yahoo
Is AbbVie the Best Dividend Stock in Big Pharma Today?
AbbVie Inc. (NYSE:ABBV) is one of the best dividend stocks for a bear market. The company holds the title of a Dividend King, having raised its dividend for 52 straight years. That kind of track record makes a dividend cut highly unlikely, as it would break the streak and potentially take decades to regain entry into this elite group. A pharmacist handing out a pharmaceutical drug to a patient in a drug store or chemist. AbbVie Inc. (NYSE:ABBV) is a leading pharmaceutical company with a strong product lineup that consistently delivers solid revenue and earnings. Its top growth drivers, Skyrizi and Rinvoq, have outperformed expectations, leading management to raise their combined 2027 sales forecast to over $31 billion. The company also benefits from other key products like Botox and a deep pipeline of new therapies to offset future patent expirations. With strong cash flow and a reliable portfolio, AbbVie Inc. (NYSE:ABBV) remains an attractive pick for income investors looking for long-term dividend stability. Naturally, if AbbVie encounters serious challenges, it could be pressured to reduce its dividend. One concern is its elevated payout ratio, currently at 267.66%. Typically, when a company's payout ratio remains above 70% for an extended time, it raises the risk of a dividend cut or suspension. However, AbbVie Inc. (NYSE:ABBV)'s next-generation immunology drugs are seeing strong growth, which could help offset the challenges it's facing from Humira. The rheumatoid arthritis treatment has been under pressure due to its loss of market exclusivity in the US and the increasing competition from biosimilars. ABBV currently offers a dividend yield of 3.5%, which is above S&P's average dividend yield of 1.3%. While we acknowledge the potential of ABBV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None.
Yahoo
13-06-2025
- Business
- Yahoo
AbbVie Secures FDA Approval to Expand Mavyret's Label
AbbVie Inc. (NYSE:ABBV) is one of the best stocks for a . The company announced that the US FDA has expanded the approved use of its oral antiviral drug Mavyret, developed in partnership with Enanta Pharmaceuticals, Inc. (NASDAQ:ENTA), for treating Hepatitis C. The updated approval allows Mavyret—made from the antiviral agents glecaprevir and pibrentasvir—to be used in the US for both adults and children aged three and older with acute or chronic Hepatitis C, provided they do not have cirrhosis or have compensated cirrhosis. Eligible patients can complete treatment in eight weeks. This decision is based on results from a Phase 3 study, which showed the therapy to be safe and effective for acute cases. Mavyret was initially approved in 2017 for newly diagnosed adult Hepatitis C patients. AbbVie Inc. (NYSE:ABBV) is an international biopharmaceutical firm dedicated to creating and providing advanced treatments for challenging health conditions. The company concentrates on key areas such as immunology, cancer, neuroscience, eye care, and aesthetics. Its goal is to improve lives by researching, developing, and offering new therapies that address serious medical needs that currently lack effective solutions. While we acknowledge the potential of ABBV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
