AbbVie's FDA Approval For RINVOQ Sets Up First Phase Of Deployment Plan To Counter Humira Issue [Seeking Alpha]
Amgen Inc. (AMGN)
Last amgen inc. earnings: 4/30 04:01 pm
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Source: Seeking Alpha
AbbVie's FDA Approval For RINVOQ Sets Up First Phase Of Deployment Plan To Counter Humira Issue Summary AbbVie received FDA approval for Upadacitinib to treat patients with rheumatoid arthritis who don't respond to or can't tolerate treatment with methotrexate. The global market opportunity for the rheumatoid arthritis market is expected to reach $30.7 billion by 2025. A surge of biosimilars of Humira are expected to hit the market in 2023, but AbbVie has taken steps since then to counter this problem. The purchase of Allergan not only adds BOTOX to AbbVie's pipeline but also allows for potential regulatory approval of 5 products in the next 18 months. ABBV approval for updatacitinib AGN FDA Approval For A Drug With Blockbuster Status The FDA approving RINVOQ for rheumatoid arthritis will open a large market opportunity for AbbVie. Rheumatoid arthritis is a chronic inflammatory disorder that targets the joints. There are more than 200,000 cases of RA in the United States each year. Gl
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- Amgen Inc. (NASDAQ: AMGN) had its price target lowered by analysts at UBS Group AG from $314.00 to $284.00. They now have a "neutral" rating on the stock.MarketBeat
AMGN
Earnings
- 2/6/24 - Beat
AMGN
Sec Filings
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form DEF
- 4/10/24 - Form ARS
- AMGN's page on the SEC website