Drugmaker AbbVie Inc's quarterly revenue beat Wall Street estimates on Thur...
- Drugmaker AbbVie Inc’s quarterly revenue beat Wall Street estimates on Thursday, as the decline in sales of its blockbuster rheumatoid arthritis drug Humira was not as steep as expected.
Humira saw sales drop for the first time in years largely due to competition from new, cheap rivals. In the first quarter, the drug brought in revenue of $4.45 billion, a fall of 5.6 percent from last year but ahead of the $4.38 billion forecast by eight analysts polled by Refinitiv. But the failure of cancer drug Rova-T, once seen as a strong contender for a new blockbuster, and setbacks to the testing of multiple myeloma drug Venclexta have pressured AbbVie shares, which are down nearly 14 percent over the past 12 months.
AbbVie has also earmarked Skyrizi, its psoriasis treatment that won U.S. approval earlier this week, as a long-term opportunity.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
AbbVie's Skyrizi drug to treat psoriasis wins U.S. approvalAbbVie Inc said on Tuesday that the U.S. Food and Drug Administration approved i...
Weiterlesen »
P&G beats profit, sales estimates with price hikesHigher prices and greater demand for its premium fabric care and beauty products...
Weiterlesen »
Chipotle beats profit, revenue estimates as online sales surgeChipotle Mexican Grill Inc beat Wall Street estimates for quarterly revenue and ...
Weiterlesen »
Kleenex parent Kimberly-Clark's stock surges after adjusted profit, sales fall less than expectedShares of Kimberly-Clark Corp. shot up 5.4% toward a near 2-year high in premarket trade Monday, after the parent of Kleenex, Huggies and Kotex branded...
Weiterlesen »
Snap stock surges after user growth beats estimates and losses narrowSnap Inc. shares were soaring 8% in after-hours trading Tuesday after the social-media company beat expectations with its latest financials and user numbers.
Weiterlesen »
Facebook beats profit estimates, sets aside $3 billion for privacy penaltyFacebook Inc on Wednesday blew past Wall Street profit estimates in the first qu...
Weiterlesen »
Facebook beats profit estimates, sets aside $3 billion for privacy penaltyFacebook Inc on Wednesday blew away Wall Street profit estimates in the first quarter as it kept a lid on the costs of making its social networks safer, and set aside $3 billion to cover a settlement with U.S. regulators, calming investors who had worried about the outcome of a months-long federal probe
Weiterlesen »
Anthem beats earnings estimates, raises 2019 profit forecastAnthem Inc's first-quarter profit beat Wall Street estimates on Wednesday a...
Weiterlesen »
Biogen beats first-quarter profit estimates on Spinraza strengthDrugmaker Biogen Inc beat analysts' estimates for first-quarter profit on W...
Weiterlesen »
Teck Resources beats profit estimates on energy businessCanadian miner Teck Resources Ltd, the world's second-biggest exporter of s...
Weiterlesen »
Union Pacific quarterly profit beats estimates on price hikesUnion Pacific Corp on Thursday reported a better-than-expected quarterly profit,...
Weiterlesen »