financetom
Business
financetom
/
Business
/
Abbvie to record $3.5 bln charge related to schizophrenia drug
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Abbvie to record $3.5 bln charge related to schizophrenia drug
Jan 10, 2025 6:04 AM

Jan 10 (Reuters) - Abbvie ( ABBV ) said on Friday it

will record a charge of about $3.5 billion related to its

experimental schizophrenia drug, emraclidine, which recently

failed in two mid-stage studies.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
HomeStreet Secures Shareholder Approval for Merger With FirstSun
HomeStreet Secures Shareholder Approval for Merger With FirstSun
Jun 18, 2024
05:30 PM EDT, 06/18/2024 (MT Newswires) -- HomeStreet ( HMST ) said Tuesday it received shareholder approval Tuesday for its merger with FirstSun Capital Bancorp and Dynamis Subsidiary. HomeStreet ( HMST ) said closing of the merger is still subject to receipt of the required regulatory approvals. Price: 10.24, Change: -0.26, Percent Change: -2.48 ...
NeueHealth Gets NYSE Noncompliance Notice Over Market Cap Requirements
NeueHealth Gets NYSE Noncompliance Notice Over Market Cap Requirements
Jun 18, 2024
05:31 PM EDT, 06/18/2024 (MT Newswires) -- NeueHealth ( NEUE ) said late Tuesday the New York Stock Exchange notified the company June 12 of its noncompliance with the exchange's requirements for continued listing. The NYSE said the company's average market capitalization over a consecutive 30 trading-day period was below $50 million and its last reported stockholders' equity was less...
Apple turns to third parties for 'buy now, pay later' after sunsetting product
Apple turns to third parties for 'buy now, pay later' after sunsetting product
Jun 18, 2024
(Reuters) - Although Apple is discontinuing its buy now, pay later service launched last year, the company is sticking with the product, with a successor to the offering launching later this year via third-parties like Affirm. Buy now, pay later (BNPL) exploded in popularity as the COVID-19 pandemic forced more shoppers online, and the product has continued to resonate with...
Century Therapeutics Proposes Secondary Offering of 7.87 Million Shares
Century Therapeutics Proposes Secondary Offering of 7.87 Million Shares
Jun 18, 2024
05:40 PM EDT, 06/18/2024 (MT Newswires) -- Century Therapeutics ( IPSC ) proposed a secondary stock offering of 7.87 million shares. The company said Tuesday in a regulatory filing it won't sell stock in the proposed sale for selling shareholders or get any of the proceeds Shares of the company rose 4.7% in recent after-hours activity. Price: 3.1100, Change: +0.14,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved