Headquartered in North Chicago, IL Fiscal year ends December NYSE: ABBV abbvie.com
AbbVie is a biopharmaceutical company that discovers, develops and commercializes medicines across immunology, neuroscience and oncology. It also sells aesthetics products and services through its Allergan Aesthetics portfolio.
Immunology is its largest franchise, led by the IL-23 inhibitor Skyrizi and the JAK inhibitor Rinvoq, alongside the declining legacy biologic Humira.
Neuroscience products include:
- Vraylar, co-developed with Gedeon Richter.
- Botox Therapeutic.
- The migraine drugs Ubrelvy and Qulipta.
- Vyalev for Parkinson's disease.
- The newly FDA-approved Parkinson's therapy Juvmo (tavapadon).
Oncology includes Venclexta, Imbruvica, Elahere and Epkinly, the last co-developed with Genmab. Aesthetics brands include Botox Cosmetic and Juvederm. Other key products include Mavyret, Creon and Linzess.
The U.S. accounts for the large majority of revenue. AbbVie is expanding its pipeline through acquisitions, most recently Apogee Therapeutics for IL-13 and TSLP-targeting immunology assets. Late-stage candidates include:
- Lutikizumab in hidradenitis suppurativa.
- Etentamig in multiple myeloma.
- Temab-A, an ADC for colorectal and lung cancer.
- ABBV-295, an amylin analog for obesity.
AbbVie is a member of the S&P Dividend Aristocrats Index. Updated
The Humira cliff is officially behind them: Skyrizi grew 22.7% and Rinvoq 23.9%, more than covering a 31.2% drop in Humira sales. Management raised full-year adjusted EPS guidance to $13.95 to $13.99 and lifted the quarterly dividend 5.2% to $1.82. The EPS and revenue beats themselves were slim.
A physician-scientist joining the board of a $504.7 billion drugmaker signals where AbbVie wants its oversight depth as Skyrizi and Rinvoq face fresh immunology competition. His Form 3 opens a filing trail worth tracking for future buys.
AbbVie set a new 52-week high at $289.08, topping its October 16 peak by 1.28% and marking the fourth record in a month. The $511 billion drugmaker has climbed out of an April trough near $199.
A 5.5% raise to $1.73 a quarter says management sees cash flow holding up even as Humira fades. Buy after Thursday and you miss this payout; the indicated yield sits at 2.44%.
A 3.1% intraday jump to $284.58 is an outsized day for a $503 billion defensive pharma name, landing a day after new Phase 3 AFFIRM data on subcutaneous SKYRIZI in Crohn's disease. Immunology is the growth engine investors are repricing.
A 3.1% slide to $273.85 lands minutes after new Phase 3 AFFIRM data for subcutaneous Skyrizi in Crohn's disease hit the wire. Skyrizi is the growth engine meant to carry the post-Humira era, so the market's read on this data matters.
AbbVie set a fresh 52-week high at $272.42, the second straight day of records for the drugmaker. Keep an eye on whether it holds.
AbbVie cleared its August record with a fresh 52-week high at $266.28, 0.12% above the prior peak, on the same day it announced FDA approval of JUVMO. A $470.9 billion pharma making new highs is a momentum signal income investors rarely get.
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AbbVie is a biopharmaceutical company that discovers, develops and commercializes medicines across immunology, neuroscience and oncology. It also sells aesthetics products and services through its Allergan Aesthetics portfolio.
24/7 Wall St.'s 12-month price target for ABBV is $322.23, rated Buy. The Wall Street consensus target is $306.42. ABBV price prediction →
