FierceBiotech16h
AbbVie takes $3.5B hit after emraclidine's phase 2 flop in schizophrenia
The failure of Cerevel's emraclidine in schizophrenia will cost AbbVie an impairment charge of about $3.5 billion, the pharma ...
AbbVie cuts 2024 profit forecast on acquisition expenses
AbbVie lowered its 2024 adjusted profit forecast on Monday as the drugmaker incurred $1.6 billion in acquisition expenses ...
AbbVie's Stock Is Unfairly Cheap
The company's immunology portfolio, led by Skyrizi and Rinvoq, continues to thrive despite Humira's patent expiration, ...
pharmaphorum2d
Advantage BMS as AbbVie drug fails schizophrenia trials
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 year.
Health Care Down on Defensive Bias -- Health Care Roundup
Drugmaker AbbVie warned it will post a $3.5 billion impairment charge related to last year's $8.7 billion bet on Cerevel Therapeutics following the failure of the deal's key drug candidate, a ...
Companies sold a record $8 trillion of bonds last year amid high demand and lower borrowing costs
Corporate borrowing surged to a record in 2024, up over a third from a year earlier as companies like AbbVie and Cisco looked ...
pharmaphorum2d
AbbVie swoops on Pfizer spin-out Cerevel with $8.7bn offer
AbbVie has announced its second major takeover deal in the space of a few days, offering $8.7 billion to buy central nervous system drug specialist Cerevel Therapeutics, which spun out of Pfizer ...
Seeking Alpha25d
AbbVie: Pullback Is A Golden Opportunity For Dividend And Growth Investors
and by the acquisition of Cerevel Therapeutics, which enhances AbbVie’s neuroscience capabilities, as noted during the recent earnings call: During the quarter, we successfully completed the ...