AbbVie adds to elagolix optimism as Allergan stumbles
US drugmaker AbbVie (NYSE: ABBV) rubbed salt into the wounds of Ireland-incorporated company Allergan (NYSE: ABBV) on Wednesday by presenting positive top-line data from a Phase III extension study of elagolix in women with uterine fibroids.
This came shortly after Allergan had announced that the US Food and Drug Administration (FDA) had issued a complete response letter relating to its New Drug Application (NDA) for Esmya (ulipristal acetate; UPA) for the treatment of abnormal uterine bleeding in women with uterine fibroids.
AbbVie, which is developing elagolix in partnership with Neurocrine Biosciences (Nasdaq: NBIX), now has a strong evidence base from Phase III trials to show the efficacy of its treatment in uterine fibroids. The latest data shows that it reduces heavy menstrual bleeding for up to 12 months when used in combination with low-dose hormone therapy.
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