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-0.00119551681195521 -0.000946450809464497 0 0 0.000647571606475693 0.000149439601494402 4.98132004980867E-05 0.000647571606475693
Stock impact report

AbbVie Inc. (ABBV) Inks Licensing Agreement for Pain Medicines Development [Yahoo! Finance]

AbbVie Inc. (ABBV) 
Last abbvie inc. earnings: 5/1 07:43 am Check Earnings Report
US:NYSE Investor Relations: investors.abbvie.com/investor-overview
Company Research Source: Yahoo! Finance
agreement with Haisco Pharmaceutical Group for the development of pain medicines. AbbVie Inc. (ABBV) Inks Licensing Agreement for Pain Medicines Development Photo by Pietro Jeng on Pexels Under the terms of the agreement, AbbVie will own the rights to develop, manufacture, and commercialize novel pain treatment compounds globally, excluding China, Hong Kong, and Macau. The program aims to cover multiple compounds that can address various pain-related indications. The compounds are currently under development in various stages in China. They include Nav1.8 inhibitors that block pain signals at the source. The compound spans preclinical through Phase I development in China and is positioned for chronic pain indications. In return, Haisco is to receive $30 million in upfront payment and is also eligible for an additional $715 million in aggregate development, regulatory, and commercial milestone payments. Haisco is also entitled to tiered royalties on future net sales emanating Show less Read more
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