AbbVie Inc. Stock Rises Friday, Outperforms Market

Tricida Inc

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Health Care : Pharmaceuticals | Small Cap Value

Company profile

Tricida, Inc. is a pharmaceutical company, which is focused on the development and commercialization of its investigational drug candidate, veverimer (TRC101). TRC101, is a non-absorbed, orally administered polymer designed to treat metabolic acidosis by binding and removing acid from the gastrointestinal (GI), tract. Its Veverimer, is a low-swelling, spherical polymer bead that is approximately 100 micrometers in diameter, which is a single, molecular weight, crosslinked polyamine molecule. It is conducting renal outcomes clinical trial, VALOR-CKD (TRCA-303), to determine if veverimer slows CKD progression in patients with metabolic acidosis associated with CKD. The Company's VALOR-CKD trial is a randomized, double-blind, placebo-controlled, time-to-event trial.

AbbVie Inc. Stock Rises Friday, Outperforms Market

4:32 pm ET November 18, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of AbbVie Inc. (ABBV) rose 1.85% to $154.98 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.48% to 3,965.34 and the Dow Jones Industrial Average rising 0.59% to 33,745.69. This was the stock's second consecutive day of gains. AbbVie Inc. closed $20.93 short of its 52-week high ($175.91), which the company reached on April 8th.

The stock outperformed some of its competitors Friday, as Pfizer Inc. (PFE) fell 0.21% to $48.23, Eli Lilly & Co. (LLY) rose 0.25% to $361.67, and AstraZeneca PLC ADR (AZN.LN) rose 1.58% to $65.07. Trading volume (5.7 M) remained 142,783 below its 50-day average volume of 5.8 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 18, 2022.

(END) Dow Jones Newswires

November 18, 2022 16:32 ET (21:32 GMT)