AbbVie’s MAVIRET Approved by EU for Acute HCV Treatment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 23 2026
0mins
Source: PRnewswire
AbbVie Inc's stock rose by 3.02% as it reached a 20-day high, reflecting positive market conditions.
The European Commission has approved AbbVie's MAVIRET (glecaprevir/pibrentasvir) for treating acute hepatitis C, making it the only treatment for both acute and chronic HCV infections. This approval is expected to significantly enhance the company's position in the antiviral market, especially with over 12 million people living with HCV in Europe. The drug demonstrated a 96.2% sustained virological response rate in a Phase 3 clinical trial, confirming its efficacy and favorable safety profile, which will likely boost physician confidence in prescribing it.
This approval not only solidifies AbbVie's leadership in the antiviral sector but also opens up new opportunities for patient access to curative therapies, potentially accelerating efforts to eliminate HCV as a public health threat.
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Analyst Views on ABBV
Wall Street analysts forecast ABBV stock price to fall
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Current: 254.760
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Current: 254.760
Low
223.00
Averages
252.00
High
289.00
About ABBV
AbbVie Inc. is a global, diversified, research-based biopharmaceutical company. It is engaged in research and development, manufacturing, commercialization and sale of medicines and therapies. Its product portfolio includes Immunology, Oncology, Aesthetics, Neuroscience, Eye Care and Other Key Products. Immunology products include rheumatology, dermatology and gastroenterology. Oncology products include Imbruvica, Venclexta/Venclyxto, Elahere and Epkinly. The aesthetics portfolio consists of facial injectables, plastics and regenerative medicine, body contouring, and skincare products. Its Neuroscience products include Botox Therapeutic, Vraylar, Duopa and Duodopa, Ubrelvy, and Qulipta. Duodopa is a levodopa-carbidopa intestinal gel for the treatment of Parkinson's disease. Eye care products include Ozurdex, Lumigan/Ganfort, Alphagan/Combigan, Restasis, and other eye care. Other key products include Mavyret/Maviret, Creon, and Linzess/Constella.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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