Was Rova-T Worth The High Price To AbbVie?

The big pharma presented early-stage data for its antibody-drug conjugate at the American Society of Clinical Oncology (ASCO) annual meeting in Chicago that showed promise for the drug in a small subset of patients with small cell lung cancer, but had disappointing results for the overall population.

AbbVie Inc. disappointed investors this weekend with the presentation of Phase Ia/Ib trial for a small cell lung cancer treatment. While the data showed some encouraging results in a subset of patients with high delta-like protein-3 (DLL3) expression, overall data was not as robust as investors hoped.

The company's stock dropped more than 5% in early-morning trading, but rebounded slightly to end the day down

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