AbbVie Tumbles After New Schizophrenia Drug Fails Two Trials

Nov 11, 2024  · (Bloomberg) -- AbbVie Inc. shares fell the most in more than four years after two mid-stage trials of its drug to treat schizophrenia failed to meet their primary goal, a blow to the …


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AbbVie Tumbles After New Schizophrenia Drug Fails In Two Trials

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Nov 11, 2024  · AbbVie Inc. shares sank in early trading after two mid-stage trials of its drug to treat schizophrenia failed to meet their primary goal, a blow to the company’s $8.7 billion …

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AbbVie's Closely Watched Schizophrenia Drug Fails Two Studies

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Shares of rival Bristol Myers, which received U.S. approval for its schizophrenia treatment in September, surged 10.2% to $59.66. Bristol and AbbVie's drug belong to a new class of …

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AbbVie Shares Plummet 12% As Cerevel Schizophrenia Asset Fails …

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Nov 11, 2024  · The news brought AbbVie’s shares down 12% to $174.80 as the markets opened Monday, compared to $199.50 at the previous close. Analysts expressed surprise at the failure …

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AbbVie Shares Tumble After Schizophrenia Drug Disappoints

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Nov 11, 2024  · Shares in AbbVie tumbled after the drugmaker revealed that an experimental treatment for schizophrenia, the main drug purchased as part of an $8.7bn acquisition last …

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AbbVie’s $9B Bet Collapses As Closely Watched Schizophrenia Drug …

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Nov 11, 2024  · AbbVie lost about $40 billion in market value Monday morning after an experimental drug the company had bet heavily on failed two important clinical trials. The drug, …

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Schizophrenia Drug AbbVie Picked Up In $9 Billion Acquisition Fails …

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Nov. 11, 2024. National Biotech Reporter. AbbVie said Monday that its experimental treatment for schizophrenia failed to significantly help patients in two trials, a blow to the company, which got ...

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AbbVie Tumbles After New Schizophrenia Drug Fails Two Trials

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Nov 11, 2024  · Company acquired drug as part of $8.7 billion Cerevel purchase; Bristol jumps most in 18 years after competitor’s setback; AbbVie Inc. shares fell the most in more than four …

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AbbVie's Closely Watched Schizophrenia Drug Fails Two Studies

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(Reuters) -AbbVie said on Monday that an experimental schizophrenia drug it gained through an $8.7 billion deal for Cerevel Therapeutics failed two mid-stage studies, sending the …

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Advantage BMS As AbbVie Drug Fails Schizophrenia Trials

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Nov 11, 2024  · Shares in AbbVie have slumped after a pair of failed phase 2 trials for emraclidine, a schizophrenia drug it acquired as part of its $8.7 billion takeover of Cerevel Therapeutics last …

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AbbVie Declines After Missing Main Goal In Schizophrenia …

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Nov 11, 2024  · AbbVie (NYSE:ABBV) shares dropped about 11% after its mid-stage trials investigating emraclidine as an oral monotherapy treatment for adults with schizophrenia …

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On Wall Street, ‘flat Out’ Failure Of AbbVie Schizophrenia Drug …

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Nov 11, 2024  · Through a recent, nearly $9 billion acquisition, AbbVie surged to the front of a new wave of antipsychotic drugs that Wall Street expects to become big sellers.But on Monday, the …

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AbbVie’s Schizophrenia Candidate Fails In Two Phase 2 Trials

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6 days ago  · AbbVie acquired Cerevel Therapeutics and the rights to emraclidine in a US$8.7 billion deal announced in December last year. When AbbVie acquired Cerevel, emraclidine …

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AbbVie's $9B Schizophrenia Prospect Flunks Phase 2 Trials

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Nov 11, 2024  · The drug candidate at the center of AbbVie’s $8.7 billion acquisition of Cerevel Therapeutics has failed a pair of phase 2 trials, dealing a blow to the program and a boost to …

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Why AbbVie’s (ABBV) Drug Setback Creates A Prime Buy-The-Dip …

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2 days ago  · AbbVie Inc. (ABBV) is a global biopharmaceutical company, founded in 2013 […] AbbVie stock fell 10% after emraclidine, its drug for schizophrenia, failed during the final …

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FAQs about AbbVie Tumbles After New Schizophrenia Drug Fails Two Trials Coupon?

Can Bristol & AbbVie treat schizophrenia without side effects?

Bristol and AbbVie's drug belong to a new class of treatments that aim to reduce symptoms of schizophrenia without some of the side effects such as tremors and weight gain seen with commonly used antipsychotics. AbbVie said it was continuing to analyze the trial data to determine its next steps. ...

Why did AbbVie stock fall 12%?

By Puyaan Singh and Bhanvi Satija (Reuters) -AbbVie shares fell over 12% on Monday after an experimental schizophrenia drug the company acquired last year failed two mid-stage studies, widening rival Bristol Myers Squibb's lead in the market for new treatments for the condition. ...

Why have AbbVie shares jumped?

AbbVie (ABBV) shares slide after its schizophrenia drug failed to meet the goals of its mid-stage trial. Shares of Bristol-Myers Squibb (BMY), a competitor which makes a similar drug, have jumped. Market Domination Hosts Julie Hyman and Josh Lipton outline what investors need to know. ...

Will AbbVie be able to predict schizophrenia trials?

AbbVie said it was continuing to analyze the trial data to determine its next steps. "While schizophrenia trials are notoriously difficult to predict, we are surprised by the results given the otherwise promising data we have seen," said Guggenheim Securities analyst Vamil Divan. ...

Does AbbVie emraclidine improve symptom severity of schizophrenia?

AbbVie's schizophrenia drug, emraclidine, failed to show a statistically significant improvement on a widely used scale for measuring symptom severity of schizophrenia. The trials were testing the drug in patients facing an acute worsening in psychotic symptoms of the disease, which include hallucinations and delusion. ...

Why are Abbvie shares sliding on Monday?

Shares of AbbVie (ABBV) are sliding on Monday after the company’s drug candidate for schizophrenia failed to meet the key goal in two mid-stage studies. ...

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