AbbVie falls as J&J psoriasis pill raises competition risk

ReutersMar 18, 2026 6:23 PM

Shares of drugmaker AbbVie ABBV.N fall 5.1% to $208.53 in afternoon trade

Brokerage BNP Paribas maintains AbbVie at "neutral", sets price target at $213

Brokerage says J&J's JNJ.N FDA approval of once-daily oral psoriasis drug Icotyde could compete with AbbVie's Skyrizi, a key growth driver

Brokerage adds Skyrizi should remain well-positioned due to strong efficacy and 12-week dosing after induction, supporting patient compliance

Brokerage says an oral option could expand the psoriasis market beyond current 30%–40% penetration, leaving room for Skyrizi growth

Forecasts Skyrizi to grow 23% in FY26, representing a key growth driver for AbbVie, brokerage says

J&J is also testing Icotyde in arthritis and bowel diseases, which could ramp up future competition, BNP said

ABBV shares down 8.4% in 2025

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