AbbVie's Qulipta Hits Phase 3 Endpoints in Menstrual Migraine

Product / TechEarningsM&A · Partnership
โดย The Motley Fool·US·Read original
Summary · why it matters

AbbVie announced top-line results from a Phase 3 clinical trial showing its migraine treatment Qulipta significantly reduced migraine days versus placebo during the perimenstrual period in patients with menstrual migraine, the study's primary endpoint, while also meeting all secondary endpoints with no new safety signals. Qulipta, first approved in the U.S. in 2021 for migraine prevention and later expanded to chronic migraine in adults, could become the first medicine approved specifically for menstrual migraine, a niche with no approved treatments; AbbVie estimates a potential U.S. market of more than nine million adult patients in this indication. In the second quarter, Qulipta posted $350 million in sales, up 31% year over year, and some analysts expect peak sales of over $2 billion, against $1 billion in revenue last year, though AbbVie's total second-quarter revenue grew 10% year over year to $17 billion. AbbVie's larger growth drivers remain the immunology drugs Skyrizi and Rinvoq, which management expects to generate more than $31 billion in combined revenue this year, a milestone originally forecast for 2027 and raised by $4 billion from an earlier projection. The company also recently closed its $10.9 billion acquisition of Apogee Therapeutics, gaining zumilokibart, a late-stage immunology asset that some analysts say could reach $5.2 billion in peak eczema sales alone.

Impact on stocks 3

Biotech & Genomic Medicine · 3 stocks
AbbVie Inc
ABBV
▲ PositiveTechnologyCapitalrelevance

Qulipta met the Phase 3 primary and all secondary endpoints in menstrual migraine, potentially becoming the first approved treatment for this indication.

Theme Impact 1

Related news

2impact 4

Xenon Pauses Psychiatry Trials Enrollment Despite Positive NDA Data

Xenon Pharmaceuticals submitted a New Drug Application to the US FDA for azetukalner in focal seizures, supported by two randomized, double-blind, placebo-controlled trials showing statistically significant seizure reduction and a generally consistent safety profile across more than 1,500 patient-years of exposure. On the same day, the company voluntarily paused new enrollment in its Phase 3 major depressive disorder and bipolar depression studies due to neuropsychiatric adverse events, a precaution that could reshape expectations for azetukalner's use beyond epilepsy. The enrollment pause does not directly affect the epilepsy NDA or ongoing Phase 3 seizure studies, which remain the main driver of the investment story. Xenon's narrative projects $449.0 million revenue and $79.2 million earnings by 2029, requiring an earnings increase of $488.4 million from -$409.2 million today, while some of the lowest estimate analysts assume only US$169.5 million of revenue and US$30.0 million of earnings by 2029.
Simply Wall St·10hRead more →

Axsome Says AUVELITY Prescriptions Hit Record as Alzheimer's Launch Grows

Axsome Therapeutics said AUVELITY prescriptions are accelerating after its sales-force expansion and the drug's launch in Alzheimer's disease agitation, with weekly new-to-brand prescriptions reaching a record 3,800. Speaking at Morgan Stanley's Global Healthcare Conference, Chief Financial Officer Nick Pizzie said patients aged 65 and older now account for about 31% of new-to-brand prescriptions, up from roughly 19% before the indication's approval, and that agitation is the fastest-growing segment. Average weekly new-to-brand prescriptions were about 2,400 in the first quarter and 3,000 in the second quarter. Management reiterated its $8 billion long-term peak-sales outlook for AUVELITY, split evenly between $4 billion in major depressive disorder and $4 billion in Alzheimer's disease agitation, and reported 89% coverage of total covered lives, including 100% Medicare coverage. Pizzie said second-quarter selling, general and administrative expense of $208 million should be a reasonable reference point for the back half of the year, while research and development expense of $46 million is expected to rise modestly, and management expects revenue to grow faster than operating expenses on a very clear path toward positive cash flow and profitability.
MarketBeat·16hRead more →

Axsome Therapeutics Reports New Clinical Data in Depression and Alzheimer's Agitation

Axsome Therapeutics reported new clinical data in major depressive disorder and Alzheimer's disease agitation at a leading psychiatry congress. The presentations focused on key programs in Axsome's central nervous system pipeline aimed at treating mood and neuropsychiatric symptoms, and management highlighted how the new findings may inform future study designs and regulatory interactions for these indications. The company is advancing multiple late-stage clinical programs, including AXS-05, AXS-12, AXS-14, and several solriamfetol indications, and the fresh congress results give more clinical detail around AXS-05 in depression and Alzheimer's agitation, feeding the thesis that future CNS indications can broaden the revenue mix beyond Auvelity, Sunosi and SYMBRAVO. Axsome, a mid-sized US pharmaceuticals player with a market cap of $11.2b, competes alongside larger CNS-focused drug developers such as Biogen and Eli Lilly and smaller specialists. The same update also stress tests a key risk: management must commercialise several CNS assets at once while running high R&D and SG&A spending, with payer scrutiny and strong rivals in both categories.
Simply Wall St·1dRead more →