Even if a megamerger fails to materialize, investors stand to benefit from a wave of M&A activity in the biopharma sector.
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The FTSE 100 index closed down 10.35 points, 0.1%, at 10,857.70.
AbbVie (ABBV) lowered its full-year earnings guidance on Friday to account for the expected dilution
AbbVie lowered its full-year adjusted earnings outlook to account for its acquisition of Apogee Therapeutics, as the company logged higher profit and revenue in the recent quarter.
Strong biotech returns, major pharma acquisitions and new IPO filings are reshaping the 2026 U.S. listing market.
There's no need to panic.
AbbVie knows how to plan ahead.
The all-cash deal gives AbbVie access to zumilokibart, an experimental drug that could rival Dupixent in treating atopic dermatitis