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AbbVie Secures EU Approval for Skyrizi in Pediatric Plaque Psoriasis (ABBV)
InvestorsHub53d agoneutral
AbbVie Secures EU Approval for Skyrizi in Pediatric Plaque Psoriasis (ABBV)

European Commission Expands Skyrizi Label to Younger PatientsAbbVie (NYSE:ABBV) has received approval from the European Commission to use Skyrizi (risankizumab) in children and adolescents aged six years and older with moderate-to-severe plaque psoriasis who are eligible for systemic treatment. The authorization broadens the medicine’s reach within Europe and provides a new treatment option for younger patients living with the chronic inflammatory skin condition.

3 Biotech Takeover Targets Wall Street Is Watching After the Apogee Deal
24/7 Wall St.53d agoneutral
3 Biotech Takeover Targets Wall Street Is Watching After the Apogee Deal

Big pharma’s appetite for clinical-stage biotech is back. The pending acquisition of Apogee Therapeutics by AbbVie (NYSE: ABBV), targeting an atopic dermatitis and immunology developer, has reignited a question every healthcare portfolio manager is asking: who will be next? The Apogee setup is the template buyers are chasing: late-stage clinical data, a meaningful addressable market, ... 3 Biotech Takeover Targets Wall Street Is Watching After the Apogee Deal

Wells Fargo Maintains Overweight on AbbVie (ABBV), Sees Value in Apogee Acquisition
Insider Monkey54d agoneutral
Wells Fargo Maintains Overweight on AbbVie (ABBV), Sees Value in Apogee Acquisition

With a 5-Year Average Dividend Growth Rate of 6.33%, AbbVie Inc. (NYSE:ABBV) is included among the Top 11 Dividend Kings to Buy for Safe Dividend Growth. On June 22, Wells Fargo maintained an Overweight rating on AbbVie Inc. (NYSE:ABBV). It also set a $260 price target on the shares. The firm said AbbVie’s reported bid […]

Apogee Therapeutics (APGE) Hits Fresh High on AbbVie $10.9B Merger
Insider Monkey54d agoneutral
Apogee Therapeutics (APGE) Hits Fresh High on AbbVie $10.9B Merger

Apogee Therapeutics Inc. (NASDAQ:APGE) is one of the 10 Stocks Paying Off Big Time. Apogee Therapeutics soared to a fresh all-time high on Monday, as investors gobbled up shares following announcements that it is set to be acquired by pharmaceutical giant AbbVie Inc. at a 49 percent premium. In a joint statement on the same […]

MT Newswires54d agoneutral
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Nexentis Technologies (NXTS) said Monday its subsidiary, MitoCareX Bio, has entered into an engageme

AbbVie (ABBV) Is Buying Apogee Therapeutics For $10.9 Billion
Simply Wall St.54d agobullish
AbbVie (ABBV) Is Buying Apogee Therapeutics For $10.9 Billion

AbbVie (NYSE:ABBV) has agreed to acquire Apogee Therapeutics in a cash deal valued at US$10.9b. The transaction focuses on expanding AbbVie's immunology and respiratory disease pipeline with several clinical-stage candidates. The deal is described as AbbVie's largest acquisition in more than five years and includes a premium to Apogee's recent trading levels. AbbVie is a large biopharmaceutical company with a long-standing focus on immunology, oncology, neuroscience, and other specialty...

Prolium Bioscience Sclerosis, Lupus Treatment Studies Advancing
Exec Edge54d agoneutral
Prolium Bioscience Sclerosis, Lupus Treatment Studies Advancing

By Karen Roman Prolium Bioscience, Inc. said it dosed its first patient in Phase 1/2 study of PRO-203, a T-cell engager treatment for systemic sclerosis, following the completion of a study in 20 healthy volunteers. The company also completed the last patient and visit in a 26-week study of PRO-203 in treatment-refractory lupus nephritis patients, […] The post Prolium Bioscience Sclerosis, Lupus Treatment Studies Advancing appeared first on ExecEdge.

AbbVie's Deal with Apogee; Regenxbio Moves on Gene Therapy Drug | Stock Movers
Bloomberg54d agoneutralVIDEO
AbbVie's Deal with Apogee; Regenxbio Moves on Gene Therapy Drug | Stock Movers

On this episode of Stock Movers with Nathan Hager: - Apogee (APGE) shares are soaring on news AbbVie is closing in on a nearly $11 billion deal to buy inflammatory disease drug developer Apogee Therapeutics. That's also according to a Financial Times report. - Regenxbio (RGNX) shares are moving on news Regenxbio aligned with the FDA on next steps for a potential accelerated approval of Navsunli, a gene therapy for Mucopolysaccharidosis II, with the FDA confirming the company doesn't need to conduct additional studies of the drug. - SpaceX (SPCX) is lower this morning, continuing its slide after its record IPO.

AbbVie to acquire Apogee Therapeutics in $10.9B deal
Proactive54d agoneutral
AbbVie to acquire Apogee Therapeutics in $10.9B deal

Abbvie Inc (NYSE:ABBV) announced that it will acquire Apogee Therapeutics (NASDAQ:APGE) in an all-cash transaction valued at approximately $10.9 billion, adding a pipeline of clinical-stage therapies for inflammatory and immunological diseases, including atopic dermatitis and asthma. Under...