Abbvie
AbbVie Inc.
| Type | Public |
|---|---|
| Traded as | NYSE: ABBV |
| Key people | Richard A. Gonzalez (Chairman & CEO) |
| Industry | Pharmaceuticals |
| Products | Humira, Imbruvica, Venclexta, Skyrizi, Rinvoq |
| Revenue | 
$56.2 billion (2022) |
| Employees | 50,000 (2022) |
| Website | [www.abbvie.com Official website] |
AbbVie Inc. is an American publicly traded biopharmaceutical company founded in 2013. It originated as a spin-off from Abbott Laboratories, focusing on research-based pharmaceuticals. AbbVie is known for its innovative approach to drug development and its commitment to addressing complex health challenges.
History[edit | edit source]
AbbVie was established on January 1, 2013, when Abbott Laboratories separated its research-based pharmaceuticals business into a new entity. This strategic move allowed Abbott to focus on its diversified products, while AbbVie concentrated on developing advanced therapies.
Products[edit | edit source]
AbbVie is renowned for its flagship product, Humira (adalimumab), which is used to treat a variety of autoimmune diseases such as rheumatoid arthritis, psoriasis, and Crohn's disease. Humira has been one of the best-selling drugs globally.
In addition to Humira, AbbVie has developed several other significant products:
- Imbruvica (ibrutinib) - used in the treatment of certain cancers, including chronic lymphocytic leukemia.
- Venclexta (venetoclax) - a treatment for chronic lymphocytic leukemia and acute myeloid leukemia.
- Skyrizi (risankizumab) - used for moderate to severe plaque psoriasis.
- Rinvoq (upadacitinib) - a treatment for rheumatoid arthritis.
Research and Development[edit | edit source]
AbbVie invests heavily in research and development (R&D) to discover and develop new therapies. The company focuses on several therapeutic areas, including immunology, oncology, neuroscience, and virology. AbbVie's R&D efforts aim to address unmet medical needs and improve patient outcomes.
Acquisitions[edit | edit source]
In 2020, AbbVie completed its acquisition of Allergan, a global pharmaceutical company known for its aesthetics and eye care products. This acquisition expanded AbbVie's portfolio and enhanced its position in the biopharmaceutical industry.
Corporate Social Responsibility[edit | edit source]
AbbVie is committed to corporate social responsibility, focusing on improving health outcomes, supporting communities, and reducing environmental impact. The company engages in various initiatives to promote access to healthcare and support sustainable practices.
Also see[edit | edit source]
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