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AbbVie Inc (ABBV.N)

ABBV.N on New York Stock Exchange

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14 Dec 2018
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Latest Key Developments (Source: Significant Developments)

Abbvie Announces $5 Bln Increase To Stock Repurchase Program
Thursday, 13 Dec 2018 01:00pm EST 

Dec 13 (Reuters) - AbbVie Inc ::ABBVIE ANNOUNCES $5 BILLION INCREASE TO STOCK REPURCHASE PROGRAM.  Full Article

AbbVie Inc - Phase 3 Trial Of Rova-T As Second-Line Therapy For Advanced Small-Cell Lung Cancer Halted
Wednesday, 5 Dec 2018 04:01pm EST 

Dec 5 (Reuters) - AbbVie Inc ::PHASE 3 TRIAL OF ROVA-T AS SECOND-LINE THERAPY FOR ADVANCED SMALL-CELL LUNG CANCER (TAHOE STUDY) HALTED.INDEPENDENT DATA MONITORING COMMITTEE RESPONSIBLE FOR ONGOING REVIEW OF STUDY DATA RECOMMENDED ENROLLMENT BE STOPPED.INDEPENDENT DATA MONITORING COMMITTEE RESPONSIBLE FOR ONGOING REVIEW OF STUDY DATA RECOMMENDED ENROLLMENT BE STOPPED.RECOMMENDATION FROM IDMC TO HALT ENROLLMENT APPLIES ONLY TO TAHOE STUDY AND DOES NOT IMPACT OTHER ROVA-T CLINICAL STUDIES.AN IDMC RECOMMENDED STOPPING ENROLLMENT IN TAHOE DUE TO SHORTER OVERALL SURVIVAL IN ROVA-T ARM COMPARED WITH TOPOTECAN CONTROL ARM.  Full Article

Genentech Says FDA Approves Venclexta in Newly-Diagnosed AML
Wednesday, 21 Nov 2018 11:19am EST 

Nov 21 (Reuters) - Genentech::GENENTECH - FDA GRANTED ACCELERATED APPROVAL TO VENCLEXTA, IN COMBINATION WITH A HYPOMETHYLATING AGENT, OR LOW-DOSE CYTARABINE IN NEWLY-DIAGNOSED AML.  Full Article

Medicines Patent Pool Signs Licence With AbbVie To Expand Access To Hep-C Treatment glecaprevir/pibrentasvir
Monday, 12 Nov 2018 12:30pm EST 

Nov 12 (Reuters) - The Medicines Patent Pool:THE MEDICINES PATENT POOL SIGNS LICENCE WITH ABBVIE TO EXPAND ACCESS TO KEY HEPATITIS C TREATMENT, GLECAPREVIR/PIBRENTASVIR.MEDICINES PATENT POOL SAYS COLLABORATION WITH ABBVIE WILL ENSURE AFFORDABLE HEPATITIS C TREATMENT OPTIONS IN LOW- AND MIDDLE-INCOME COUNTRIES .  Full Article

Abbvie Receives European Commission Approval Of Venclyxto Plus Rituximab For Treatment Of Patients With Chronic Lymphocytic Leukemia Who Have Received At Least One Prior Therapy
Thursday, 1 Nov 2018 12:02am EDT 

Nov 1 (Reuters) - AbbVie Inc ::ABBVIE RECEIVES EUROPEAN COMMISSION APPROVAL OF VENCLYXTO® (VENETOCLAX) PLUS RITUXIMAB FOR THE TREATMENT OF PATIENTS WITH CHRONIC LYMPHOCYTIC LEUKEMIA WHO HAVE RECEIVED AT LEAST ONE PRIOR THERAPY.APPROVAL IS BASED ON MURANO PHASE 3 CLINICAL TRIAL.  Full Article

Galapagos 9-Month Revenue Rises To 205.1 Million Euros
Wednesday, 24 Oct 2018 04:03pm EDT 

Oct 25 (Reuters) - GALAPAGOS ::REPORTED ON WEDNESDAY 9-MONTH GROUP REVENUES INCREASED BY EUR 98.7 MILLION TO EUR 205.1 MILLION.9-MONTH OPERATING LOSS DECREASED BY EUR 9.1 MILLION TO EUR 53.5 MILLION.9-MONTH NET LOSS DECREASED BY EUR 41.7 MILLION TO EUR 44.2 MILLION.CASH AND CASH EQUIVALENTS ON 30 SEPT 2018 OF EUR1,343.7 MILLION.IN Q4, EXPECTS TO PRESENT MORE DETAILED FINDINGS FROM THE EQUATOR, TORTUGA, AND FINCH 2 TRIALS WITH FILGOTINIB.WILL ALSO PRESENT FIRST DATA AND DEVELOPMENT STRATEGY WITH REGARD TO TOLEDO, OUR NEW PROGRAM IN INFLAMMATORY INDICATIONS.EXPECT TO START DOSING IN THE ISABELA (PH3 IPF `1690) AND PINTA (PH2 IPF `1205) PATIENT TRIALS.DUE TO REVISION OF THE ABBVIE COLLABORATION AGREEMENT IN CF, CO IS REDUCING EXPECTED OPERATIONAL CASH BURN FROM THE LAST GUIDED EUR180-200 MILLION TO EUR140-160 MILLION IN 2018.  Full Article

Positive Phase 2B Data For AbbVie's Upadacitinib Show Significant Induction Of Clinical Remission, Response In Patients
Monday, 22 Oct 2018 06:01pm EDT 

Oct 22 (Reuters) - AbbVie Inc ::POSITIVE PHASE 2B DATA FOR ABBVIE'S UPADACITINIB SHOW SIGNIFICANT INDUCTION OF CLINICAL REMISSION AND RESPONSE IN PATIENTS WITH ULCERATIVE COLITIS.IN U-ACHIEVE, UPADACITINIB (15/30/45 MG, ONCE DAILY) MET PRIMARY ENDPOINT OF CLINICAL REMISSION & ALL RANKED SECONDARY ENDPOINTS.UPADACITINIB 7.5 MG GROUP DID NOT MEET PRIMARY ENDPOINT.SERIOUS ADVERSE EVENTS OCCURRED IN 0/4/6/5 PERCENT OF 7.5/15/30/45 MG UPADACITINIB GROUPS, RESPECTIVELY.NO NEW SAFETY SIGNALS WERE DETECTED IN STUDY.NO VENOUS THROMBOEMBOLIC EVENTS, MAJOR ADVERSE CARDIOVASCULAR EVENTS OR DEATHS OCCURRED.OVERALL SAFETY PROFILE WAS CONSISTENT WITH THAT OBSERVED IN PREVIOUSLY REPORTED PHASE 2 CROHN'S DISEASE STUDY.PHASE 3 TRIALS FOR UPADACITINIB IN ULCERATIVE COLITIS HAVE BEEN INITIATED.  Full Article

AbbVie Says Robert Michael Appointed CFO
Friday, 19 Oct 2018 09:12am EDT 

Oct 19 (Reuters) - AbbVie Inc ::SAYS ROBERT A. MICHAEL APPOINTED CFO.WILLIAM J. CHASE, EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER, INFORMED ABBVIE THAT HE PLANS TO RETIRE FROM COMPANY IN MID-2019.ABBVIE SAYS WILLIAM J. CHASE, EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER, INFORMED ABBVIE THAT HE PLANS TO RETIRE FROM THE COMPANY IN MID-2019.  Full Article

Abbvie Announces Resolution Of Humira Patent Disputes With Fresenius Kabi
Thursday, 18 Oct 2018 08:50am EDT 

Oct 18 (Reuters) - AbbVie Inc ::ABBVIE ANNOUNCES GLOBAL RESOLUTION OF HUMIRA (ADALIMUMAB) PATENT DISPUTES WITH FRESENIUS KABI.ABBVIE INC - AGREEMENTS PROVIDE NON-EXCLUSIVE LICENSE TO FRESENIUS KABI FOR HUMIRA-RELATED INTELLECTUAL PROPERTY IN U.S. EFFECTIVE SEPTEMBER 30, 2023.ABBVIE INC - FRESENIUS KABI ACKNOWLEDGES VALIDITY OF ABBVIE'S INTELLECTUAL PROPERTY FOR HUMIRA.ABBVIE INC - PRECISE TERMS ARE CONFIDENTIAL BETWEEN PARTIES.ABBVIE INC - ALL LITIGATION PENDING BETWEEN PARTIES WILL BE DISMISSED.  Full Article

Abbvie, Morphic Therapeutic Announce Collaboration Targeting Fibrotic Diseases
Thursday, 18 Oct 2018 08:09am EDT 

Oct 18 (Reuters) - AbbVie Inc ::ABBVIE SAYS WILL PAY MORPHIC UPFRONT PAYMENT OF $100 MILLION FOR EXCLUSIVE LICENSE OPTIONS ON PRODUCT CANDIDATES.ABBVIE AND MORPHIC THERAPEUTIC ANNOUNCE COLLABORATION TARGETING FIBROTIC DISEASES.ABBVIE SAYS MORPHIC RETAINS COST-SHARING RIGHTS IN DEVELOPMENT OF LIVER FIBROSIS INDICATIONS.ABBVIE SAYS MORPHIC MAY OPT INTO PAYING A PERCENT OF CO'S DEVELOPMENT COSTS IN EXCHANGE FOR ENHANCED ROYALTIES.  Full Article

AbbVie halts late-stage trial for lung cancer drug Rova-T

AbbVie Inc said on Wednesday it had halted enrollment for a late stage trial of Rova-T as a second-line therapy for advanced small-cell lung cancer, following recommendations made by an independent data monitoring committee.