AbbVie is a global biopharmaceutical company that discovers and develops medicines for over 75 conditions1. They are committed to solving complex health challenges with their innovative science and support1. In 2022, AbbVie invested $7.1 billion in R&D1. They also have more than 250 active external innovation partners to conduct groundbreaking science to discover and develop transformational medicines1. AbbVie is recognized for its diversity, leadership, engagement, and corporate responsibility practices1. They are working on delivering medicines in half the time for patients with debilitating diseases1.
Abbvie: Products
Abbvie offers a wide range of products for various conditions. Here are some of them:
- ACTIGALL® (ursodiol, USP)
- ACTONEL® (risedronate sodium)
- ACULAR LS® (ketorolac tromethamine ophthalmic solution)
- ACULAR® (ketorolac tromethamine ophthalmic solution)
- ACUVAIL® (ketorolac tromethamine ophthalmic solution)
- AEROCHAMBER PLUS® FLOW-VU® (Small Mask/Medium Mask)
- AEROCHAMBER PLUS® FLOW-VU® (Mouthpiece/Large Mask)
- ALLODERM SELECT RESTORE™ (Regenerative Tissue Matrix)
- ALLODERM SELECT™ (Regenerative Tissue Matrix)
Please note that product availability, name, and indicated use may vary by country1. Always ask a healthcare professional for advice about medicines1. For more detailed information, you can visit the official AbbVie website1.
Abbvie: History
AbbVie Inc. is an American pharmaceutical company that was formed on April 10, 20121. The company was created when Abbott Laboratories announced its plan to separate into two publicly traded companies, spinning off its research-based pharmaceutical manufacturer division1. The separation was fully effective January 1, 2013, and AbbVie was officially listed on the New York Stock Exchange (ABBV) on January 2, 20131.
AbbVie is headquartered in North Chicago, Illinois, and serves over 170 countries worldwide1. The company’s primary product is Humira (adalimumab), which accounted for $21 billion in 2022 revenues, 37% of the total1. Other major products include Skyrizi, Botox, Imbruvica, Rinvoq, Venclexta, Vraylar, and Mavyret1.
The name “AbbVie” is derived from a combination of “Abbott”, the name of its former parent company, with “vie,” intended as a reference to a Latin root meaning "life"1. AbbVie continues to make a remarkable impact in the field of biopharmaceuticals, taking on tough health challenges with compassion, innovation, and integrity2.
Abbvie: Competitors
AbbVie operates in a highly competitive pharmaceutical industry. Some of the main competitors of AbbVie include:
- Bristol Myers Squibb
- GSK (GlaxoSmithKline)
- Johnson & Johnson
- Novartis
- Sanofi
- Amgen
- Merck Group
- Gilead Sciences
- Astellas Pharma
- Roche
- Immunomedics1
Other competitors include Pfizer, Abbott, Novo Nordisk, AstraZeneca, Genentech, Lilly, TEVA, Bayer, Biogen, Cipla, Mylan, Celgene, and Regeneron2.
These companies are all part of the medical sector and are engaged in the research, development, manufacture, and marketing of healthcare products132. Please note that the competitive landscape can change rapidly due to factors such as mergers, acquisitions, and the introduction of new products132.
Abbvie: CEO
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