Recent Updates
Recently added Catalysts
ABBV Negative Sentiment Score: 37/100

AbbVie Provides U.S. Regulatory Update on ABBV-951 (Foscarbidopa/Foslevodopa) U.S. Food and Drug Administration (FDA) issues Complete Response Letter (CRL) for ABBV-951 based on observations from an inspection that did not...

Key Takeaway: AbbVie announced the receipt of a Complete Response Letter from the FDA regarding its New Drug Application for ABBV-951, a treatment for motor fluctuations in advanced Parkinson's disease. The letter cites issues observed during an inspection at a third-party manufacturing facility, though it does not pertain to the safety or effectiveness of the drug itself. AbbVie remains committed to collaborating with the FDA to expedite the approval process despite this regulatory obstacle. ABBV-951 is already approved in 34 countries and used by over 2,100 patients globally.

Market Sentiment Analysis

POSITIVE FACTORS

  • ABBV-951 addresses a significant unmet need in treating advanced Parkinson's disease.
  • The CRL does not raise safety or efficacy concerns regarding ABBV-951.
  • ABBV-951 has already received approval in 34 countries and is in use by over 2,100 patients worldwide.

CONCERNS & RISKS

  • AbbVie received a Complete Response Letter (CRL) from the FDA, indicating concerns related to a third-party manufacturer.
  • The regulatory setback may delay the availability of ABBV-951 for U.S. patients with advanced Parkinson's disease.

Full Press Release Details

NORTH CHICAGO, Ill. , June 25, 2024 /PRNewswire/ -- AbbVie (NYSE: ABBV ) today announced it received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration (FDA) for the New Drug Application (NDA) for ABBV-951 (foscarbidopa/foslevodopa) for the treatment of motor fluctuations in adults with advanced Parkinson's disease.
In its letter, the FDA cited observations that were identified during inspection of a third-party manufacturer listed in the New Drug Application (NDA). The inspection at the facility did not involve ABBV-951 or any AbbVie medicine.
"There remains a tremendous unmet need for treatment options for patients living with advanced Parkinson's disease in the United States ," said Roopal Thakkar , M.D., senior vice president, chief medical officer, global therapeutics, AbbVie. "We are focused on working with the FDA to bring this important therapy to patients as soon as possible."
The CRL does not identify any issues related to the safety, efficacy or labeling of ABBV-951, including the device. The CRL does not request that AbbVie conduct additional efficacy and safety trials related to the drug or device-related testing.
About ABBV-951 ABBV-951 (foscarbidopa/foslevodopa) is a solution of carbidopa and levodopa prodrugs for 24-hour continuous subcutaneous infusion for the treatment of motor fluctuations in adults with advanced Parkinson's disease. ABBV-951 has been approved in 34 countries and over 2,100 patients worldwide have started treatment. AbbVie continues to work with regulatory authorities around the world to bring ABBV-951 to people living with advanced Parkinson's disease.
About AbbVie AbbVie's mission is to discover and deliver innovative medicines and solutions that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people's lives across several key therapeutic areas – immunology, oncology, neuroscience, and eye care – and products and services in our Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com . Follow @abbvie on LinkedIn, Facebook , Instagram , X (formerly Twitter) , and YouTube.
AbbVie Forward-Looking Statements Some statements in this news release are, or may be considered, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. The words "believe," "expect," "anticipate," "project" and similar expressions and uses of future or conditional verbs, generally identify forward-looking statements. AbbVie cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Such risks and uncertainties include, but are not limited to, challenges to intellectual property, competition from other products, difficulties inherent in the research and development process, adverse litigation or government action, and changes to laws and regulations applicable to our industry. Additional information about the economic, competitive, governmental, technological and other factors that may affect AbbVie's operations is set forth in Item 1A, "Risk Factors," of AbbVie's 2023 Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, as updated by its subsequent Quarterly Reports on Form 10-Q. AbbVie undertakes no obligation, and specifically declines, to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.

21 %

Frequently Asked Questions

What is ABBV-951 used to treat?

ABBV-951 is for treating motor fluctuations in adults with advanced Parkinson's disease.

What did the FDA's Complete Response Letter address?

The FDA's CRL cited observations from an inspection of a third-party manufacturer.

Are there safety issues noted for ABBV-951?

No, the CRL did not identify any safety, efficacy, or labeling issues for ABBV-951.

How many patients have started ABBV-951 treatment globally?

Over 2,100 patients worldwide have begun treatment with ABBV-951.

What is AbbVie's mission regarding healthcare?

AbbVie's mission is to develop innovative medicines addressing serious health issues.

Last updated: Jun 25, 2024