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AbbVie (ABBV) Reports First-Quarter 2021 Financial Results

AbbVie (ABBV) Reports First-Quarter 2021 Financial Results
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Upadacitinib meets all endpoints in Phase III ulcerative colitis trial

Upadacitinib meets all endpoints in Phase III ulcerative colitis trial 3 In the trial, 74 percent of participants responded to upadacitinib and 33 percent of patients achieved clinical remission. According to AbbVie, upadacitinib (RINVOQ™) met all its primary endpoint of clinical remission and all ranked secondary endpoints in the Phase III induction study, U-ACCOMPLISH. In the trial, a third of ulcerative colitis patients receiving upadacitinib achieved clinical remission (per Adapted Mayo Score) at week eight, compared to four percent of patients receiving placebo. U-ACCOMPLISH (NCT03653026) is a Phase III multi-centre, randomised, double-blind, placebo-controlled induction study to evaluate the efficacy and safety of upadacitinib 45mg taken once daily compared to placebo in adult subjects with moderate to severe ulcerative colitis. U-ACCOMPLISH is the second Phase III induction study to evaluate the safety and efficacy of upadacitinib in this indication.

Second Phase 3 Induction Study Confirms Upadacitinib (RINVOQ™) Improved Clinical, Endoscopic and Histologic Outcomes in Ulcerative Colitis Patients

Second Phase 3 Induction Study Confirms Upadacitinib (RINVOQ™) Improved Clinical, Endoscopic and Histologic Outcomes in Ulcerative Colitis Patients - 33 percent of patients achieved the primary endpoint of clinical remission (per Adapted Mayo Score) compared to 4 percent of patients treated with placebo at week 8 (p 0.001)[1] - All ranked secondary endpoints were met[1] - These results reaffirm findings from the first Phase 3 induction study, U-ACHIEVE[1,2] - Safety results were consistent with the previous Phase 3 induction study and the known profile of upadacitinib, with no new safety risks observed[1-6] - Upadacitinib, a selective and reversible JAK inhibitor discovered and developed by AbbVie, is being studied as an oral therapy for moderate to severe ulcerative colitis and several other immune-mediated diseases[1,7-14]

Second Phase 3 Induction Study Confirms Upadacitinib ) Improved Clinical, Endoscopic and Histologic Outcomes in Ulcerative Colitis Patients

Second Phase 3 Induction Study Confirms Upadacitinib ) Improved Clinical, Endoscopic and Histologic Outcomes in Ulcerative Colitis Patients
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AbbVie Reports Full-Year and Fourth-Quarter 2020 Financial Results

- Reports Full-Year Diluted EPS of $2.72 on a GAAP Basis; Adjusted Diluted EPS of $10.56 - Delivers Full-Year Net Revenues of $45.804 Billion on a GAAP Basis, an Increase of 37.7 Percent on a Reported Basis; Adjusted Net Revenues Were $45.784 Billion - Full-Year Global Net Revenues from the Immunology Portfolio Were $22.153 Billion, an Increase of 13.2 Percent on a Reported Basis, or 13.4 Percent on an Operational Basis; U.S. Humira Net Revenues Were $16.112 Billion, an Increase of 8.4 Percent; Internationally, Humira Net Revenues Were $3.720 Billion, a Decrease of 13.6 Percent on a Reported Basis, or 12.5 Percent on an Operational Basis, Due to Biosimilar Competition; Global Skyrizi Net Revenues Were $1.590 Billion; Global Rinvoq Net Revenues Were $731 Million

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