Allergan to divest two drugs, to move forward with AbbVie deal [MarketWatch]
AbbVie Inc. (ABBV)
Last abbvie inc. earnings: 5/1 07:43 am
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Source: MarketWatch
Allergan to divest two drugs, to move forward with AbbVie deal Shares of AbbVie Inc. ABBV, +2.60% were up 2% in trading on Monday morning after the drugmaker said Allergan AGN, +1.27% , which it is in the process of acquiring, plans to divest two therapies. Allergan's stock is up 1%. It is selling brazikumab, an experimental Crohn's disease and ulcerative colitis treatment, to AstraZeneca AZN, -0.83% and pancreatic treatment Zenpep to Nestlé. The divestitures are required for AbbVie to move forward with the $63 billion Allergan acquisition, which is expected to close this quarter. AbbVie's stock is up 3% over the last 52 weeks, while Allergan's stock has gained 18% during the same time frame. The Health Care Select Sector SPDR Fund XLV, -0.98% has climbed 15% over the last year.
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ABBV
Earnings
- 2/2/24 - Beat
ABBV
Sec Filings
- 4/3/24 - Form 8-K
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- ABBV's page on the SEC website