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AbbVie stock surged 4.1% to a record $220.22, logging its best day in over seven months after a settlement pushed generic competition for Rinvoq to April 2037. Analysts called it a "big win," lifting targets to as high as $240. The deal extends Rinvoq's growth runway, with some estimating an extra $2B in peak sales. Retail sentiment turned extremely bullish.
short by / 10:48 am on 12 Sep
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