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AbbVie Faces FDA Rejection On Manufacturing Issues For Wrinkle Drug
AbbVie Inc. shares declined after the FDA issued a Complete Response Letter (CRL) for its wrinkle drug, trenibotulinumtoxinE (TrenibotE), citing manufacturing process issues. The FDA’s rejection did not concern safety or efficacy, and AbbVie plans to address the feedback promptly, expecting to resubmit in the coming months. This comes as AbbVie announced a significant $1.4 billion investment in a new pharmaceutical manufacturing campus in North Carolina.