AbbVie's Tepkinly wins EU approval for follicular lymphoma

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AbbVie has received European Commission marketing authorization for Tepkinly in combination with lenalidomide and rituximab for relapsed or refractory follicular lymphoma, a chemotherapy-free bispecific-based regimen for second-line treatment. The approval comes as AbbVie's shares have returned 12.07% over the past 30 days and 20.35% over 90 days, with a one-year total shareholder return of 38.56% and a five-year return of 160.51%. The stock recently traded around $254.65, which is nearly in line with a widely followed fair value estimate of $253.55. Analysts project earnings could reach $22.7 billion by June 2029, up from $3.6 billion today, though estimates range from $18.8 billion to $27.5 billion. AbbVie's current price-to-earnings ratio of 125.1 times stands well above the US biotech industry average of 17.3 times and its peer average of 22.5 times.

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AbbVie Inc
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EU approval for Tepkinly in follicular lymphoma expands AbbVie's approved indications.

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