Genmab, AbbVie Lymphoma Combo Therapy Meets Late-Stage Trial Goal
Danish biotech Genmab and partner AbbVie said a drug combination for lymphoma achieved its primary goal in a late-stage clinical trial, sending Genmab shares higher.
Danish biotechnology company Genmab and its partner AbbVie announced that a drug combination to treat lymphoma met the primary goal in a late-stage clinical trial, according to a report by The Wall Street Journal.
Trial Details
The Phase 3 trial tested a combination therapy for lymphoma. The companies did not disclose specific numerical results or trial size, but achieving the primary endpoint is a positive step toward regulatory submission.
Market Reaction
Genmab shares rose following the announcement, while AbbVie (ABBV) shares showed little change. The exact percentage gain was not specified.
What This Means for Investors
Meeting the primary endpoint in a late-stage trial increases the likelihood of a regulatory filing for the combination therapy, potentially opening a new market for Genmab and AbbVie in oncology. However, full data review by regulators is still pending.
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