AbbVie’s Ibrutinib Approved for Some Pediatric Patients by FDA

Aug. 24, 2022, 7:10 PM UTC

The US FDA said AbbVie’s Pharmacyclics was granted approval for Imbruvica (ibrutinib) for pediatric patients above 1 year old with chronic graft versus host disease after failure of one or more lines of systemic therapy.

  • Applications for this action were granted priority review; ibrutinib also was granted orphan drug designation

NOTE

  • AbbVie Slides After Cutting Sales Outlook on Cancer Drug Decline
  • AbbVie Inc. fell 0.4% to $138.41 as of 3:07 p.m. New York time
    • The average 12-month price target of $159.45 is 15.2% above the current price
    • 14 buys, 10 holds, 1 sells

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