AbbVie Stock Sinks After Schizophrenia Drug Trials Disappoint
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AbbVie's stock fell sharply after its schizophrenia drug Emraclidine failed to meet key objectives in Phase 2 clinical trials.
November 11, 2024 | 6:00 pm
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AbbVie's stock experienced a significant decline after the company's schizophrenia drug Emraclidine did not achieve key targets in Phase 2 clinical trials.
The failure of Emraclidine in Phase 2 trials is a significant setback for AbbVie, as it impacts the company's pipeline and future revenue potential. This news directly affects investor sentiment, leading to a drop in stock price.
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