Geo News
Community curated by people like you
LatestAICryptoHealthWorld AffairsUS Politics

Ulcerative colitis stories

Jun 2, 2026

Abivax Shares Plunge Over 30% as Cancer Cases Overshadow Inflammatory Bowel Disease Trial Results

French biotech Abivax saw its stock tumble over 30% after reporting late-stage trial data for its ulcerative colitis drug, with investors focusing on safety concerns related to cancer cases despite the treatment showing efficacy.

Jun 2, 2026·2 sources
00

Top claims

  • ▪Abivax's trial results published on June 1, 2026 were from a maintenance study assessing obefazimod over 44 weeks
  • ▪AbbVie's Rinqvoc carries a U.S. Food and Drug Administration warning of malignancy
  • ▪Abivax's late-stage trial results for obefazimod in mid-2025 beat even the most optimistic expectations

Topics

PharmaDrug Approval and Clinical Trials

Related entities

France