-+ 0.00%
-+ 0.00%
-+ 0.00%
Gubra Flags $50 Million Milestone Payment as AbbVie Begins Phase 2 Study of Obesity Drug
Share
Listen to the news
01:41 AM EDT, 08/26/2026 (MT Newswires) -- Gubra (GUBRA.CO) on Wednesday flagged a milestone payment of $50 million after AbbVie initiated a phase 2 clinical trial of obesity drug ABBV-295. The study will evaluate the efficacy, safety, and tolerability of ABBV-295 in 360 adults with obesity and at least one weight-related comorbidity, with the percentage change in body weight from baseline at week 32 as the primary endpoint. The disease-agnostic techbio company and AbbVie signed a license agreement for ABBV-295 in March 2025, with Gubra eligible to receive milestone payments of up to $1.88 billion.
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending