The FDA said Thursday that it’s requiring that a warning of liver damage be put on the labels of AbbVie’s (ABBV) hepatitis C treatments Viekira Pak and Technivie, sending AbbVie shares plunging to an 18-month low and those of Gilead Sciences (GILD) up sharply. “Our review of adverse events reported to the FDA Adverse Event Reporting System (FAERS) database and to the manufacturer of these medicines, AbbVie, identified cases of hepatic
Big pharma Eli Lilly (LLY) and its biotech partner Incyte (INCY) said Wednesday that their rheumatoid-arthritis drug outperformed AbbVie’s (ABBV) market-leading Humira in a clinical trial, sending both stocks higher. The study’s primary endpoint for the drug baricitinib was simply to do better than the placebo as measured on the ACR20 test, which signifies at least a 20% improvement in symptoms. But the drug also outperformed Humira, both on the
Big pharma AbbVie (ABBV) said Friday that it’s advancing a rheumatoid arthritis drug after successful midstage clinical trials, but it’s also bailing out of a similar drug being developed by Belgian biotech Galapagos (GLPG), sending the latter’s stock tumbling. AbbVie conducted two trials testing various doses of ABT-494 against a placebo: one studying patients who responded inadequately to methotrexate, the other looking at those who failed to