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Abbvie Value Stock - Dividend - Research Selection

Abbvie

ISIN: US00287Y1091 , WKN: A1J84E

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Description of the company

AbbVie is a global, research-based biopharmaceutical company. AbbVie develops and markets advanced therapies that address some of the world's most complex and serious diseases. AbbVie's products are focused on treating conditions such as chronic autoimmune diseases in rheumatology, gastroenterology and dermatology; oncology, including blood cancers; virology, including hepatitis C (HCV) and human immunodeficiency virus (HIV); neurological disorders, such as Parkinson's disease and multiple sclerosis; metabolic diseases, including thyroid disease and complications associated with cystic fibrosis; as well as other serious health conditions. AbbVie also has a pipeline of promising new medicines, including more than 50 investigational programs in clinical development across such important medical specialties as immunology, virology, oncology and neurology, with additional targeted investment in cystic fibrosis and women's health.

 

AbbVie was incorporated in Delaware on April 10, 2012. On January 1, 2013, AbbVie became an independent company as a result of the distribution by Abbott Laboratories (Abbott) of 100% of the outstanding common stock of AbbVie to Abbott's shareholders.

 

On June 1, 2016, AbbVie acquired all of the outstanding equity interests in Stemcentrx, Inc. (Stemcentrx), a privately held biotechnology company. The aggregate upfront consideration paid by AbbVie in connection with the acquisition was approximately $5.8 billion. The transaction expands AbbVie’s oncology pipeline by adding the late-stage asset rovalpituzumab tesirine (Rova-T), four additional early-stage clinical compounds in solid tumor indications and a significant portfolio of pre-clinical assets. Rova-T is currently in registrational trials for small cell lung cancer and in early-stage clinical development for other solid tumors.

 

Segments

AbbVie operates in one business segment—pharmaceutical products. See Note 15 to the Consolidated Financial Statements and the sales information related to HUMIRA included under Item 7, "Management's Discussion and Analysis of Financial Condition and Results of Operations—Results of Operations."

The Finanzoo GmbH assumes no liability for the accuracy of the information! All information is provided without warranty. Sources:: www.bundesanzeiger.de, www.sec.gov,


NEWS


Heard on the Street: AbbVie’s Bet on a Neuroscience Drug Maker Just Got Better

2024-04-18
AbbVie’s acquisition of neuroscience biotech Cerevel Therapeutics hasn’t closed yet. Notably, when AbbVie announced the $8.7 billion acquisition of Cerevel back in December, the main focus of the deal was the experimental schizophrenia drug Emraclidine, part of a new class of medications that target the muscarinic receptor. Late last year, Bristol Myers Squibb also announced its entry into the field, buying Karuna Therapeutics for $14 billion. The Food and Drug Administration is reviewing Karuna’s drug for the treatment of schizophrenia.

AbbVie Q1 Earnings Preview: No Repeat Of Last Year's Q1 Disappointment

2024-04-18
AbbVie soon releases Q1 2024 earnings and faces losing patent protection for its best-selling drug, Humira. Read why I expect a positive Q1 2024 from ABBV.

Phase 3 SELECT-GCA Study of Upadacitinib (RINVOQ®) Showed Positive Results in Patients With Giant Cell Arteritis

2024-04-18
AbbVie (NYSE: ABBV) today announced positive top-line results from SELECT-GCA, a Phase 3, multicenter, randomized, double-blind, placebo-controlled study, showing upadacitinib (RINVOQ®; 15 mg, once daily) in combination with a 26-week steroid taper regimen achieved its primary endpoint of sustained remissiona from week 12 through week 52 in adults with giant cell arteritis (GCA). In this study, 46 percent of patients receiving upadacitinib 15 mg in combination with a 26-week steroid taper regime

Cerevel, in ‘major surprise,’ finds success in late-stage Parkinson’s study

2024-04-18
Analysts had low expectations for Cerevel’s drug tavapadon, which was something of an afterthought in AbbVie’s proposed buyout of the biotech.

AbbVie Study on Treatment for Giant Cell Arteritis Meets Primary Endpoint

2024-04-18
By Denny Jacob AbbVie disclosed positive top-line results from a study on upadacitinib to treat adults with giant cell arteritis, an autoimmune disease. The drugmaker said its Phase 3...

Johnson & Johnson: Buy This Bargain Before It's Gone

2024-04-18
Johnson & Johnson exceeds expectations with strong financial results and impressive sales growth. Read more to see why I am bullish on JNJ stock.

AbbVie (ABBV) Increases Despite Market Slip: Here's What You Need to Know

2024-04-17
AbbVie (ABBV) closed at $164.25 in the latest trading session, marking a +1.05% move from the prior day.

CVS favors Humira copycats hurting AbbVie’s market share: Evercore

2024-04-17
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ClearBridge Multi Cap Growth Strategy Q1 2024 Portfolio Manager Commentary

2024-04-17
ClearBridge is a leading global asset manager committed to active management.

AbbVie (ABBV) Gets a Buy from Barclays

2024-04-17
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