Daily close, T-120 (10/16/24) through T+5. Run-up high $216.66 on 3/10/25, low $164.99 on 11/25/24 (T-120 to T-1). FDA decision 4/2/25. Historical price action, not a forecast.
Positioning before the decision
On Mar 19, 2025, 14 days before the decision date, at-the-money options priced a move of ±3.5% through Apr 4, 2025 (the first listed expiry after the decision; ATM implied volatility 21%). The stock closed -0.5% at the first close across the decision and -14.8% five trading days on. A straddle priced weeks out covers ordinary movement plus the event, so this is the move the options market priced through that expiry, not the event-implied move alone. How this compares across 1,000+ decisions.
Yes. The FDA approved the application for Vanrafia (atrasentan) on April 2, 2025. The primary source is linked on this page.
What was Vanrafia (atrasentan) under FDA review for?
The application covered Primary IgA nephropathy. The FDA approved the application on April 2, 2025.
How did ABBV stock react to the FDA decision?
On the decision day ABBV moved -0.5%. That is the recorded reaction to this specific event -- historical measurement, not a prediction, and not investment advice.