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AbbVie

Latest Headlines

Latest Headlines

AbbVie CEO: Viekira approval expected this year in Japan

For the second quarter AbbVie on a July 24 earnings call saw Rick Gonzalez, chairman and CEO, put Bristol-Myers Squibb and Gilead on notice that approval for hepatitis C therapy in Japan is expected in the second half of the year.

AbbVie falls short on Q2 sales--but don't blame biosimilars, CEO says

Huge sales leaps for AbbVie's Humira have been powering revenue forecast beats for the company in recent quarters. But this time, international sales of the drug took a hit, leading the Illinois pharma to fall short of analysts' top-line expectations.

Biopharma's 10 highest-paid heads of R&D

The year's 10 highest-paid development executives pulled in $124.4 million in total compensation, a roughly 35% jump over 2013's top earners. And while each entrant benefited from meeting individual company goals, the whole group benefited from biopharma's macroeconomic moment in the sun, as the value of stock awards skyrocketed alongside the industry index.

Panel to rule pricey hep C meds cost-effective, endangering payer pushback

Payers continue to grouse about the cost of hepatitis C fighters from Gilead Sciences and AbbVie, as more and more patients seek treatment with the pricey meds. But as  Bloomberg  reports, a forthcoming analysis could throw a big wrench into some insurers' ongoing efforts to limit access to the drugs.

Watch out AbbVie, Samsung Bioepis does fine with Humira biosimilar in PhIII

South Korea-based Samsung Bioepis is ready to head to regulators with a biosimilar of AbbVie's Humira (adalimumab) after successfully completing Phase III trials on its candidate now dubbed SB5. The company says SB5 met its primary endpoint and showed equivalence to the original version in patients with moderate to severe rheumatoid arthritis who did not respond to methotrexate therapy.

AbbVie has room to cut marketing spend if Humira biosims start hurting: analysts

With biosimilars makers eager to grab a piece of Humira's $12.5 billion-plus revenue, copies of AbbVie's blockbuster are on their way. What analysts disagree on, though, is when they'll arrive and how long it'll take them to make their presence known--and a pair of UBS analysts, for one, thinks the Illinois pharma has some marketing maneuvers up its sleeve to minimize their impact.

AbbVie to spend $45M to expand production of pen injectors in Ireland

Big Pharma company AbbVie announced a €40 million investment in Ireland, aimed at increasing the production of drug delivery devices, such as a pen injector that is used to administer medications for autoimmune disorders.

AbbVie hands back rights to Biotest's RA drug after trial flop

AbbVie has walked away from its claim to Biotest's anti-CD4 monoclonal antibody, tregalizumab. The decision comes two months after Biotest posted Phase IIb data showing tregalizumab failed to outperform the placebo in terms of improvements to ACR20 scores.

AbbVie's hep C cocktail delivers 100% cure rate in genotype 1b niche

AbbVie knows it has to press its case for Viekira Pak if it's going to get--and keep--a sizable share of the hepatitis C market. Today, it unveiled some new data that could help it do just that.

Pharma ad budgets to dip in 2016, but J&J, Pfizer, Roche and Novartis should still top $2B

Flat news is good news. Pharma spending on advertising and promotional expenses will dip by just 1.7% next year, according to Schonfeld & Associates' annual Advertising Ratios & Budgets. That means a total of more than $21 billion in ad spending and just a bit healthier than last year's decline of 2%.