{ }
As 2024 closes with the S&P 500 achieving a 25% return, investors are advised to consider defensive strategies amid potential market volatility. AbbVie, with a strong dividend yield and promising drug sales growth, and Pfizer, offering a high yield and new growth drivers, are highlighted as solid healthcare sector investments for uncertain times. Both companies are well-positioned for continued success as they enter 2025.
The Global Uveitis Treatment market is projected to grow from USD 725 million in 2024 to USD 1.28 billion by 2032, with a CAGR of 8.5%. The study covers various treatment types, including corticosteroids and biologic agents, and offers customization options for regional and application-specific analysis. Key players include Novartis, Pfizer, and AbbVie, with North America leading the market and Asia-Pacific identified as the fastest-growing region.
AbbVie has acquired Nimble Therapeutics for $200 million, gaining access to an oral peptide drug candidate aimed at treating psoriasis by inhibiting the IL23 receptor. This addition complements AbbVie's existing injectable drug, Skyrizi, and aims to address significant unmet medical needs in autoimmune diseases.
Teva and Sanofi's experimental drug, duvakitug, demonstrated significant efficacy in a Phase 2 trial for inflammatory bowel disease, with around 50% of ulcerative colitis patients and 48% of Crohn’s disease patients showing symptom resolution compared to placebo. The companies plan to advance to late-stage development, highlighting duvakitug's potential as a leading treatment in a competitive market. Following the promising results, Teva's shares surged nearly 20%, while Sanofi's rose by almost 5%.
AbbVie is set to acquire Nimble Therapeutics, an oral peptide developer spun out from Roche, for $200 million, with potential milestone payments. Nimble, led by former Roche scientist Jigar Patel, is developing three drug candidates targeting autoimmune diseases, including therapies for generalized myasthenia gravis, psoriasis, and inflammatory bowel disease. The acquisition will enhance AbbVie's capabilities in peptide drug development, positioning it to better address the needs of patients with autoimmune conditions.
AbbVie's schizophrenia drug emraclidine failed two mid-phase trials, performing no better than placebo, resulting in a $40 billion market cap loss for the company. This setback follows the recent approval of Bristol Myers Squibb's Cobenfy, the first new schizophrenia drug in decades, which boosted BMS's share price by 12%. The failure raises concerns for other companies developing similar drugs in the same class.
AbbVie has announced its acquisition of a Wisconsin biotech firm for $200 million, continuing its trend of strategic deal-making. The company being acquired is a spin-off from the pharmaceutical giant Roche, further expanding AbbVie's portfolio in the biopharmaceutical sector.
AbbVie has acquired Roche spinout Nimble Therapeutics for $200 million, focusing on oral peptide treatments for autoimmune diseases. The deal includes undisclosed interim payments and potential milestone payments for shareholders. Nimble's lead asset is a preclinical IL23R inhibitor for psoriasis, with additional candidates targeting inflammatory bowel disease and other autoimmune conditions.
AbbVie is set to acquire Nimble Therapeutics for $200 million, enhancing its pipeline of oral peptide drugs targeting immune diseases like psoriasis and inflammatory bowel disease. Nimble's lead candidate aims to inhibit IL-23, similar to AbbVie’s Skyrizi, but offers an oral delivery method. This acquisition marks AbbVie’s third buyout of an immune drug developer this year, reflecting a strategic push to strengthen its immunology portfolio.
Roche is emphasizing the advantages of fixed-duration dosing for its bispecific therapies, Lunsumio and Columvi, in the competitive landscape against AbbVie/Genmab’s Epkinly for B-cell lymphomas. The outcome of ongoing Phase III studies may significantly influence market positioning.Meanwhile, Ken Mulvany has returned to lead BenevolentAI through a restructuring aimed at refocusing on its core strengths and plans to delist from Euronext Amsterdam. In another setback, Cervomed's shares plummeted nearly 80% after its lead product, neflamapimodin, failed in a Phase IIb trial for Lewy body dementia, raising questions among investors about the trial's shortcomings.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.