42°20′12″N 87°50′04″W / 42.33679°N 87.83432°W
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Company type | Public |
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Industry | Biopharmaceutical |
Founded | April 10, 2012 |
Headquarters | 1 North Waukegan Road, North Chicago, Illinois, United States |
Area served | 170+ countries worldwide |
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Products | |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Number of employees | 55,000 (2024) |
Website | abbvie |
Footnotes / references [1] |
AbbVie Inc. is an American pharmaceutical company headquartered in North Chicago, Illinois. Its major products are: Humira (adalimumab) ($9 billion in 2024 revenues, 16% of total revenues), approved to treat autoimmune diseases including rheumatoid arthritis, Crohn's disease, plaque psoriasis, and ulcerative colitis and administered via injection; Skyrizi (Risankizumab) ($11.7 billion in 2024 revenues, 21% of total revenues), an interleukin-23 (IL-23) inhibitor also used to treat autoimmune diseases; Rinvoq (Upadacitinib) ($6.0 billion in 2023 revenues, 11% of total revenues), used to treat arthritis; and Botox ($6.0 billion in 2024 revenues, 11% of total revenues). Its other major products include Imbruvica (Ibrutinib) to treat cancer ($3.3 billion in 2024 revenues), Vraylar (Cariprazine) to treat schizophrenia and bipolar disorder ($3.3 billion in 2024 revenues), Venclexta (Venetoclax) to treat leukemia and lymphoma ($2.6 billion in 2024 revenues), Mavyret (Glecaprevir/pibrentasvir) to treat Hepatitis C ($1.3 billion in 2024 revenues), and Epkinly (epcoritamab), a blood-cancer therapy developed in partnership with Genmab ($0.1 billion in 2024 revenues).[1] The company is also committed to product development for other treatments of cancer, neurologic diseases, eye care, and cystic fibrosis.[1]: 34 [2] The company's pipeline also includes drug candidates for Parkinson's disease including Vyalev (Foscarbidopa/foslevodopa) and tavapadon.[1]
The company is ranked sixth on the list of largest biomedical companies by revenue. It is ranked 77th on the Fortune 500[3] and 108th on the Forbes Global 2000.[4]
The costs and rapid price increases of Imbruvica have been controversial and it was one of the drugs targeted by the Inflation Reduction Act to have its prices negotiated. As a result, effective in 2026, the price of the drug will be reduced by 38%, to $9,319 per month.[5][6][7][8]
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'.[9]
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