Dragonfly Therapeutics Received A Milestone Payment Following Dosing Of The First Patient In A Clinical Trial Conducted By AbbVie To Evaluate Abbv-303, A Solid Tumor Targeting TriNKET
Portfolio Pulse from Benzinga Newsdesk
Dragonfly Therapeutics has received a milestone payment after the first patient was dosed in a clinical trial by AbbVie. The trial is evaluating ABBV-303, a treatment targeting solid tumors. This development marks a significant step in the collaboration between Dragonfly Therapeutics and AbbVie, potentially impacting the progress and valuation of ABBV-303.
March 05, 2024 | 12:17 pm
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POSITIVE IMPACT
AbbVie's dosing of the first patient in the ABBV-303 trial, in collaboration with Dragonfly Therapeutics, could positively influence AbbVie's stock. This event highlights progress in their oncology pipeline and could enhance investor confidence in AbbVie's research capabilities and potential future revenues.
The dosing of the first patient in the ABBV-303 trial signifies progress in a key area of AbbVie's pipeline - oncology. This event is likely to be viewed positively by investors, as it demonstrates advancement in the development of a potentially significant treatment. The collaboration with Dragonfly Therapeutics and the milestone payment received by them further underscore the importance of ABBV-303 to AbbVie's portfolio, potentially leading to increased investor confidence and a positive short-term impact on AbbVie's stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80