AbbVie stock slides 2% as obesity push takes center stage at JPM conference
AbbVie shares fell 2.1% to $217.13 Thursday after executives announced expanded obesity drug plans at the J.P. Morgan Healthcare Conference. The company will develop an amylin-based obesity treatment licensed from Gubra. Investors are watching Friday’s ex-dividend date and the February 4 earnings report for more details on spending and program timing.