financetom
Business
financetom
/
Business
/
AbbVie's Parkinson's disease drug meets main goal in late-stage trial
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
AbbVie's Parkinson's disease drug meets main goal in late-stage trial
Sep 27, 2024 1:00 AM

(Reuters) -AbbVie ( ABBV ) said on Thursday its drug met the main goal in a late-stage trial when tested in patients with early Parkinson's disease.

The trial studied two doses of the drug, tavapadon, as a monotherapy in which patients showed a statistically significant improvement when compared to placebo, as measured on a rating scale that evaluates various aspects of the disease.

Tavapadon is being studied as a once-daily treatment for Parkinson's disease - a movement disorder of the nervous system which worsens over time.

AbbVie ( ABBV ) gained access to the treatment with its $8.7 billion buyout of Cerevel Therapeutics.

(Reporting by Sriparna Roy in Bengaluru; Editing by Anil D'Silva and Shailesh Kuber)

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 >
Thermo Fisher Scientific to Acquire Clario Holdings, Inc., Enabling Pharma and Biotech Customers to Accelerate Innovation with Deeper Clinical Insights
Thermo Fisher Scientific to Acquire Clario Holdings, Inc., Enabling Pharma and Biotech Customers to Accelerate Innovation with Deeper Clinical Insights
Oct 29, 2025
Expected to be immediately accretive to Adjusted Earnings Per Share (EPS)¹ after close Attractive return profile given high growth and strong margin profile of Clario, and meaningful synergies - reflecting the company’s disciplined approach to capital deployment Further strengthens Thermo Fisher’s position as the trusted partner to pharma and biotech customers, delivering important customer benefits WALTHAM, Mass.--(BUSINESS WIRE)-- Thermo...
INVESTIGATION NOTICE: Girard Sharp Law Firm Encourages Former Mr. Cooper Group Inc. Investors Who Received Rocket Companies, Inc. Shares in Connection with Rocket’s Acquisition of Mr. Cooper in Octobe
INVESTIGATION NOTICE: Girard Sharp Law Firm Encourages Former Mr. Cooper Group Inc. Investors Who Received Rocket Companies, Inc. Shares in Connection with Rocket’s Acquisition of Mr. Cooper in Octobe
Oct 29, 2025
SAN FRANCISCO, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Girard Sharp LLP, a national investment, securities, and consumer class action firm, is investigating potential securities claims on behalf of former investors of Mr. Cooper Group Inc. (“Mr. Cooper”) who received shares of Rocket Companies, Inc. ( RKT ) (“Rocket” or the “Company”) in connection with Rocket’s acquisition of Mr. Cooper on...
TE Connectivity forecasts upbeat quarterly profit on strong demand for AI products
TE Connectivity forecasts upbeat quarterly profit on strong demand for AI products
Oct 29, 2025
Oct 29 (Reuters) - TE Connectivity ( TEL ) issued an upbeat first-quarter forecast on Wednesday, after beating Wall Street estimates for quarterly profit aided by strong demand for its artificial intelligence-focused products. Demand for AI-related products and hardware in the U.S. has spurred huge investments from Big Tech companies and Silicon Valley startups as they race to bank on...
NLS Pharmaceutics Ltd. Announces 1-for-10 Reverse Share Split and Name Change in Connection with Proposed Merger with Kadimastem
NLS Pharmaceutics Ltd. Announces 1-for-10 Reverse Share Split and Name Change in Connection with Proposed Merger with Kadimastem
Oct 29, 2025
ZURICH, Oct. 29, 2025 /PRNewswire/ -- NLS Pharmaceutics Ltd. (NLS or the Company), a Swiss clinical-stage biopharmaceutical company focused on the discovery and development of innovative therapies for patients with rare and complex central nervous system disorders, today announced that it intends to effect a reverse share split of the Company's issued and outstanding common shares, par value CHF 0.03 per share...
Copyright 2023-2026 - www.financetom.com All Rights Reserved