AbbVie Inc - Company Profile
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View moreAbbVie Inc (AbbVie) is a specialty biopharmaceutical company, which discovers, develops, manufactures, and commercializes drugs for the treatment of chronic and complex diseases. Its drugs are indicated for the treatment of metabolic and rheumatological diseases, neurological disorders, skin diseases, rheumatoid arthritis, pain related to endometriosis, pediatric Crohn's disease, cancer, and other serious health conditions. AbbVie is also advancing its pipeline programs for the treatment of Crohn's disease, Parkinson's disease, viral diseases, wet AMD, various cancers, neurological disorders, aesthetics, and other autoimmune diseases. The company markets its products directly to wholesalers, distributors, healthcare facilities, government agencies, specialty pharmacies and independent retailers through its own distribution centers and public warehouses worldwide. AbbVie is headquartered in North Chicago, Illinois, the US.
Headquarters
United States of America
Address
1 N Waukegan Rd, North Chicago, Illinois, 60064
Website
www.abbvie.com
Telephone
1 847 9327900
No of Employees
50,000
Industry
Pharmaceuticals and Healthcare
Ticker Symbol & Exchange
ABBV (NYSE)
Revenue (2022)
$58.1B
3.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
2.5%
(2022 vs 2021)
Market Cap*
$258.4B
Net Profit Margin (2022)
XYZ
-0.7%
(2022 vs 2021)
* As of and is in US$
AbbVie Inc premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Products for treating Autoimmune Diseases: | - |
| Rheumatoid Arthritis | Humira |
| Psoriatic Arthritis | Rinvoq |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In December, the company entered into an agreement to acquire Cerevel Therapeutics for US$8.7 billion. |
| 2023 | Contracts/Agreements | In December, the company and BigHat Biosciences announced a research collaboration to discover and develop next-generation therapeutic antibodies in oncology and neuroscience. |
| 2023 | Contracts/Agreements | In November, the company signed an agreement to acquire ImmunoGen, Inc. |
Competitor Comparison
| Key Parameters | AbbVie Inc | Pfizer Inc | Johnson & Johnson | F. Hoffmann-La Roche Ltd | Merck & Co Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | Switzerland | United States of America |
| City | North Chicago | New York | New Brunswick | Basel | Kenilworth |
| State/Province | Illinois | New York | New Jersey | - | New Jersey |
| No. of Employees | 50,000 | 83,000 | 152,700 | 103,613 | 69,000 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Richard A. Gonzalez | Chief Executive Officer; Chairman | Executive Board | 2013 | 69 |
| Scott T. Reents | Executive Vice President; Chief Financial Officer | Senior Management | 2022 | 55 |
| Robert A. Michael | Chief Operating Officer; President | Senior Management | 2023 | - |
| Thomas J. Hudson, M.D. | Senior Vice President - Research & Development; Chief Scientific Officer | Senior Management | 2022 | 61 |
| Jeffrey R. Stewart | Chief Commercial Officer; Executive Vice President | Senior Management | 2020 | 54 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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