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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