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AbbVie Shares Rise After FDA Approves Arthritis Drug

By Sam Boughedda AiVIF.com — Shares of AbbVie Inc (NYSE:ABBV) rose 1.8% Friday after the company's arthritis drug was approved by the U.S. Food and Drug Administration. The...
AbbVie Shares Rise After FDA Approves Arthritis Drug © Reuters

By Sam Boughedda

AiVIF.com — Shares of AbbVie Inc (NYSE:ABBV) rose 1.8% Friday after the company's arthritis drug was approved by the U.S. Food and Drug Administration.

The drug, named Rinvoq, has been approved to treat adults with active psoriatic arthritis who have had an insufficient response or intolerance to tumor necrosis factor (TNF) blockers.

AbbVie said the approval was backed by two phase 3 clinical studies with the drug showing efficacy across multiple measures of disease activity.

Rinvoq is said to improve joint pain, swelling and stiffness, as well as fatigue. The approval is the second for the drug after it was approved for rheumatoid arthritis in 2019.

"This new approval underscores our mission to deliver a portfolio of therapies that can help more people with rheumatic diseases achieve disease control," said Michael Severino, vice chairman and president, AbbVie.

Reacting to the announcement, Piper Sandler analyst kept an overweight rating and $160 price target on the stock but told investors in a note that Rinvoq was approved with a "better than expected" atopic dermatitis label.

"With what seems to be benign warning language and flexibility on dosing, we think the drug is now primed to capitalize on what has been largely positive dermatologist survey feedback regarding this opportunity," explained the analyst.

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25-01-2022 09:39:39 (UTC+7)

EUR/USD

1.1273

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EUR/USD

1.1273

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GBP/USD

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USD/JPY

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Adidas AG

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 EUR/USD1.1273Neutral
 GBP/USD1.3473↑ Buy
 USD/JPY113.93↑ Buy
 AUD/USD0.7140↑ Buy
 USD/CAD1.2639↑ Sell
 EUR/JPY128.43↑ Buy
 EUR/CHF1.0353↑ Buy
 Gold1,839.65↑ Sell
 Silver23.648↑ Sell
 Copper4.4320↑ Buy
 Crude Oil WTI83.79↑ Buy
 Brent Oil86.04↑ Buy
 Natural Gas3.828↑ Sell
 US Coffee C236.68↑ Sell
 Euro Stoxx 504,082.55Buy
 S&P 5004,345.30↑ Sell
 DAX15,118.45Buy
 FTSE 1007,357.30↑ Sell
 Hang Seng24,243.61↑ Buy
 Small Cap 20001,993.20↑ Sell
 IBEX 358,495.50Buy
 BASF65.300↑ Buy
 Bayer50.77Neutral
 Allianz219.78Neutral
 Adidas239.12↑ Sell
 Lufthansa6.678Neutral
 Siemens AG137.78↑ Buy
 Deutsche Bank AG10.980Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,195/ 6,245
(25/ 35) # 1,202
SJC HCM6,190/ 6,255
(40/ 45) # 1,211
SJC Hanoi6,190/ 6,257
(40/ 45) # 1,213
SJC Danang6,190/ 6,257
(40/ 45) # 1,213
SJC Nhatrang6,190/ 6,257
(40/ 45) # 1,213
SJC Cantho6,190/ 6,257
(40/ 45) # 1,213
Cập nhật 25-01-2022 09:39:42
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Ngoại tệMua vàoBán ra
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EUR24.914,3926.311,12
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JPY192,65203,94
KRW16,3519,92
Cập nhật lúc 18:49:50 25/01/2022
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