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SunTrust: Venclexta could add $1B+ for AbbVie

Published 11/23/2018, 11:04 AM
© Reuters.  SunTrust: Venclexta could add $1B+ for AbbVie
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  • SunTrust says the FDA's new approval of AbbVie's (ABBV +0.2%)Venclexta could add $1B+ in peak annual sales.
  • The approval was for first-line treatment for elderly patients with acute myeloid leukemia who can’t get high doses of chemotherapy.
  • Pfizer’s (PFE +0.7%) Daurismo was approved Wednesday and could compete with AbbVie in the leukemia market, but SunTrust thinks ABBV's has the better chance of becoming standard care “based on a broader label & more robust efficacy profile.”
  • Source: Bloomberg First Word.
  • Previously: Pfizer 's Daurismo combo for elderly adults with AML gets FDA approval (Nov. 21)
  • Previously: Venclexta gets accelerated approval for newly-diagnosed AML (Nov. 21)
  • Now read: Best DJIA Stock Price Rebound Prospects


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