AbbVie Inc. (NYSE: ABBV) is a research-based biopharmaceutical company headquartered in North Chicago, Illinois. Founded in 2013 as a spin-off from Abbott Laboratories, AbbVie focuses on developing and commercializing advanced therapies for some of the world's most complex and critical conditions. The company reported revenues of USD 54.32 billion in 2023 and employs approximately 50,000 people globally.
AbbVie's key therapeutic areas include:
Immunology: Products like Humira, Skyrizi, and Rinvoq for conditions such as rheumatoid arthritis, psoriasis, and Crohn's disease
Oncology: Treatments including Imbruvica and Venclexta for various cancers
Neuroscience: Medications such as Botox Therapeutic, Vraylar, and Ubrelvy for neurological and psychiatric disorders
Aesthetics: Products like Botox Cosmetic and Juvederm for cosmetic applications
Eye Care: Treatments including Lumigan and Restasis for various eye conditions
Virology: Medications like Mavyret for hepatitis C
In 2024, AbbVie completed the acquisition of ImmunoGen, adding Elahere, a treatment for folate receptor-alpha positive platinum-resistant ovarian cancer, to its portfolio. The company continues to invest heavily in research and development, with an estimated R&D spend of USD 6.50 billion in 2023.
AbbVie has been recognized for its workplace culture, ranking on Fortune's 100 Best Companies to Work For list in 2024. The company has also increased its quarterly dividend for 11 consecutive years since its inception, demonstrating its commitment to returning value to shareholders.
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