AbbVie (ABBV) Gets FDA Breakthrough Tag for Lung Cancer Drug
Zacks Investment Research | Jan 04, 2022 09:29PM ET
AbbVie industry .
Teliso-V is a key part of AbbVie’s oncology pipeline. AbbVie has built a substantial oncology franchise with Imbruvica and Venclexta. It expects oncology to be its major growth driver over the next 10 years. AbbVie markets Venclexta/Venclyxto in partnership with Roche PFE , which has a Zacks Rank of 1 (Strong Buy). Pfizer’s stock has risen 53.7% in the past year.
Estimates for Pfizer’s 2022 earnings have gone up from $4.77 to $5.50 over the past 30 days.
Pfizer’s earnings performance has been mixed, with the company exceeding earnings expectations in three of the last four quarters while missing in one. PFE has a four-quarter earnings surprise of 10.85%, on average.
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