AbbVie Exec Announces Discontinuation Of Further Development Of Experimental Alzheimer's Drug ABBV-916 As Standalone Antibody
Portfolio Pulse from Benzinga Newsdesk
AbbVie has announced the discontinuation of further development of its experimental Alzheimer's drug, ABBV-916, as a standalone antibody. This decision was revealed during a conference call.
July 25, 2024 | 1:37 pm
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AbbVie has decided to discontinue the development of its experimental Alzheimer's drug, ABBV-916, as a standalone antibody. This could impact investor sentiment and the stock price in the short term.
The discontinuation of a drug in development can negatively impact investor sentiment, especially if the drug was seen as a potential growth driver. This decision may lead to a short-term decline in AbbVie's stock price.
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