AbbVie

AbbVie Inc.
Company type	Public
Traded as	NYSE: ABBV; S&P 100 component; S&P 500 component;
Industry	Biopharmaceutical
Founded	April 10, 2012
Headquarters	North Chicago, Illinois, U.S.
Area served	170+ countries worldwide
Key people	Richard A. Gonzalez (chairman and CEO); Robert Michael (president and COO);
Products	Pharmaceutical drugs Humira (adalimumab); Imbruvica (ibrutinib); Venclexta (venetoclax); Zinbryta (daclizumab); Kaletra (lopinavir); Norvir (ritonavir); Mavyret/Maviret (glecaprevir/pibrentasvir); Skyrizi (risankizumab); Rinvoq (upadacitinib);
Revenue	US$54.32 billion (2023)
Operating income	US$12.76 billion (2023)
Net income	US$4.873 billion (2023)
Total assets	US$134.7 billion (2023)
Total equity	US$10.36 billion (2023)
Number of employees	c. 50,000 (2024)
Website	abbvie.com
	Footnotes / references;

AbbVie Inc. is an American pharmaceutical company headquartered in North Chicago, Illinois. It is ranked sixth on the list of largest biomedical companies by revenue. In 2023, the company's seat in Forbes Global 2000 was 74. The company's primary product is Humira (adalimumab) ($14 billion in 2023 revenues, 27 percent of total), administered via injection. It is approved to treat autoimmune diseases including rheumatoid arthritis, Crohn's disease, plaque psoriasis, and ulcerative colitis.

It developed Skyrizi ($7.8 billion in 2023 revenues), an interleukin-23 (IL-23) inhibitor also used to treat autoimmune diseases. Its other major products include Botox ($5.7 billion in 2023 revenues), Imbruvica to treat cancer ($3.6 billion in 2023 revenues), Rinvoq to treat arthritis ($4 billion in 2023 revenues), Venclexta to treat leukemia and lymphoma ($2.3 billion in 2023 revenues), Vraylar to treat schizophrenia and bipolar disorder ($2.7 billion in 2023 revenues), and Mavyret to treat Hepatitis C ($1.4 billion in 2023 revenues). The company is also committed to product development for other treatments of cancer, neurologic diseases, eye care, and cystic fibrosis.

In 2023, Humira began facing competition from a biosimilar developed by Amgen. The company is also developing a drug for Parkinson's disease that could be a blockbuster drug in 2027 and is awaiting approval from the Food and Drug Administration for epcoritamab, a blood-cancer therapy under development in partnership with Genmab.

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'.

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