AbbVie Inc. is a global, diversified research-based biopharmaceutical company with leadership positions across several therapeutic areas, including immunology, oncology, aesthetics, neuroscience, and eye care . The company operates as a single global business segment dedicated to the research, development, manufacturing, commercialization, and sale of innovative medicines and therapies . AbbVie's product portfolio includes blockbuster products such as Humira, Skyrizi, Rinvoq, Imbruvica, Venclexta, Botox, Juvederm, Vraylar, Ubrelvy, and Qulipta, among others .
- Immunology - Develops and markets treatments for autoimmune diseases, with key products including Humira, Skyrizi, and Rinvoq.
- Oncology - Focuses on cancer treatment solutions, featuring products like Imbruvica and Venclexta.
- Neuroscience - Offers therapies for neurological disorders, with significant products such as Vraylar and Botox Therapeutic.
- Aesthetics - Provides cosmetic products and treatments, including Botox and Juvederm.
- Eye Care - Engages in the development and sale of treatments for various eye conditions.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Robert A. Michael ExecutiveBoard | Chief Executive Officer | None | CEO since July 1, 2024; joined AbbVie in 2013; previously President and COO; key leader in AbbVie’s growth and strategy, including major acquisitions like Allergan. | View Report → |
Azita Saleki-Gerhardt Executive | Executive Vice President, Chief Operations Officer | Board Member at Entegris Inc. | Joined Abbott in 1993; transitioned to AbbVie in 2013; oversees global operations and ESG initiatives; instrumental in achieving carbon emissions targets. | |
David R. Purdue Executive | Senior Vice President, Controller (effective March 1, 2025) | None | Joined Abbott in 2003; transitioned to AbbVie; previously VP, Controller, Commercial Operations; succeeding Kevin K. Buckbee as Controller. | |
Jeffrey R. Stewart Executive | Executive Vice President, Chief Commercial Officer | None | Joined Abbott in 1992; transitioned to AbbVie in 2013; oversees global commercial operations and patient access programs. | |
Kevin K. Buckbee Executive | Senior Vice President, Controller | None | Joined Abbott in 1991; transitioned to AbbVie in 2013; retiring effective March 1, 2025; succeeded by David R. Purdue. | |
Nicholas J. Donoghoe Executive | Executive Vice President, Chief Business and Strategy Officer | None | Joined AbbVie in 2019; previously SVP, R&D Operations; former McKinsey Partner; key leader in portfolio innovation and Allergan integration. | |
Perry C. Siatis Executive | Executive Vice President, General Counsel, and Secretary | None | Joined Abbott in 2005; transitioned to AbbVie in 2013; oversees legal strategy, compliance, and intellectual property. | |
Roopal Thakkar Executive | Executive Vice President, Research & Development, and Chief Scientific Officer | None | Joined Abbott/AbbVie in 2003; leads global R&D organization with over 14,000 team members; oversees pipeline of 90+ drug/device programs. | |
Scott T. Reents Executive | Executive Vice President, Chief Financial Officer | None | CFO since June 2022; joined AbbVie in 2013; previously VP, Tax and Treasury; instrumental in financial strategy and compliance. | |
Timothy J. Richmond Executive | Executive Vice President, Chief Human Resources Officer | None | Joined AbbVie in 2013; oversees HR strategy, including talent acquisition and organizational development. | |
Brett J. Hart Board | Director | President of United Airlines Holdings, Inc. | Director since 2016; brings expertise in risk management, legal strategy, and corporate governance from his leadership roles at United Airlines. | |
Edward J. Rapp Board | Director | Director at Xos, Inc.; Member of University of Missouri College of Business Advisory Board | Director since 2013; former Group President and CFO at Caterpillar; expertise in global operations and sustainability. | |
Frederick H. Waddell Board | Director | Director at IBM | Director since 2013; former CEO of Northern Trust; expertise in financial services and governance. | |
Glenn F. Tilton Board | Director | Director at Phillips 66 | Director since 2013; former lead independent director (2013–2024); extensive experience in governance and finance from leadership roles at United Airlines and Texaco. | |
Jennifer L. Davis Board | Director | CEO, Health Care at Procter & Gamble | Appointed director in October 2023; brings expertise in marketing, corporate strategy, and healthcare operations from her career at P&G. | |
Melody B. Meyer Board | Director | President of Melody Meyer Energy, LLC; Board Member at bp p.l.c. | Director since 2017; extensive experience in operations, sustainability, and energy sector leadership. | |
Rebecca B. Roberts Board | Director | Director at Black Hills Corporation and MSA Safety Incorporated | Director since 2018; former President of Chevron Pipe Line Company; expertise in operations, safety, and regulatory matters. | |
Richard A. Gonzalez Board | Executive Chairman of the Board | None | Founding CEO of AbbVie (2013–2024); transitioned to Executive Chairman on July 1, 2024; led AbbVie’s market cap growth to over $300 billion. | |
Robert J. Alpern Board | Director | Ensign Professor at Yale School of Medicine; Director at Tricida, Inc. | Director since 2013; brings medical and scientific expertise; former Dean of Yale School of Medicine. | |
Roxanne S. Austin Board | Lead Independent Director | President of Melody Meyer Energy, LLC; Board Member at bp p.l.c. | Director since 2013; appointed Lead Independent Director on July 1, 2024; extensive experience in corporate governance and finance. | |
Susan E. Quaggin Board | Director | Chair of Medicine at Northwestern University; Director of Feinberg Cardiovascular and Renal Research Institute | Appointed director in October 2023; brings medical and scientific expertise; former President of the American Society of Nephrology. | |
Thomas C. Freyman Board | Director | None | Director since 2020; former EVP, Finance and Administration at Abbott; expertise in finance and risk oversight. | |
William H.L. Burnside Board | Director | None | Director since 2013; retired Senior VP at Boston Consulting Group; expertise in corporate finance and strategic advisory. |
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Given the ongoing economic challenges in China that have significantly impacted Juvederm's performance, particularly within the Aesthetics segment, what specific strategies does AbbVie have to navigate these headwinds and stimulate growth in this critical market?
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With the recent $100 million downward adjustment in VRAYLAR's full-year sales guidance due to channel mix pressures and negative pricing impact, can you elaborate on the factors leading to this shift and how you plan to mitigate similar issues moving forward?
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In the competitive immunology space, your head-to-head trial of SKYRIZI against ENTYVIO aims for potential superiority in endoscopic improvement for ulcerative colitis patients; what gives you confidence in achieving this outcome, and what are the implications if the trial does not meet its superiority endpoints?
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As SKYRIZI and RINVOQ continue to drive significant growth, what challenges do you foresee in maintaining their momentum across existing indications, and how do you plan to address potential competition from new market entrants and evolving treatment paradigms?
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With the integration of Cerevel Therapeutics and the upcoming pivotal study readouts for emraclidine in schizophrenia, how is AbbVie preparing to compete against existing therapies, especially considering recent approvals with safety considerations like hepatic monitoring, and what are your expectations regarding emraclidine's safety and efficacy profile?
Research analysts who have asked questions during AbbVie earnings calls.
Mohit Bansal
Wells Fargo & Company
4 questions for ABBV
Steve Scala
Cowen
4 questions for ABBV
Terence Flynn
Morgan Stanley
4 questions for ABBV
Vamil Divan
Guggenheim Securities
4 questions for ABBV
Carter L. Gould
Barclays
3 questions for ABBV
Christopher Schott
JPMorgan Chase & Co.
3 questions for ABBV
David Risinger
Leerink Partners
3 questions for ABBV
Geoffrey Meacham
Citi
3 questions for ABBV
Trung Huynh
UBS Group AG
3 questions for ABBV
Chris Shibutani
Goldman Sachs Group, Inc.
2 questions for ABBV
James Shin
Analyst
2 questions for ABBV
Timothy Anderson
BofA Securities
2 questions for ABBV
Alexandria Hammond
Wolfe Research
1 question for ABBV
Asad Haider
Goldman Sachs
1 question for ABBV
Chris Schott
JPMorgan Chase & Co.
1 question for ABBV
Christopher Raymond
Piper Sandler
1 question for ABBV
Courtney Breen
AllianceBernstein
1 question for ABBV
Evan Seigerman
BMO Capital Markets
1 question for ABBV
Gary Nachman
Raymond James
1 question for ABBV
Jon Win
UBS
1 question for ABBV
Luisa Hector
Berenberg
1 question for ABBV
Tim Anderson
Bank of America
1 question for ABBV
| Customer | Relationship | Segment | Details |
|---|---|---|---|
McKesson Corporation | Wholesale distributor | US Pharmaceuticals | Accounts for <39% of 2024 US gross revenues ; collectively with the other two wholesalers, they represent substantially all US pharma sales. |
Cardinal Health, Inc. | Wholesale distributor | US Pharmaceuticals | Accounts for <39% of 2024 US gross revenues ; collectively with the other two wholesalers, they represent substantially all US pharma sales. |
Cencora, Inc. | Wholesale distributor | US Pharmaceuticals | Accounts for <39% of 2024 US gross revenues ; collectively with the other two wholesalers, they represent substantially all US pharma sales. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Nimble Therapeutics | 2025 | AbbVie completed its acquisition of Nimble Therapeutics in January 2025 by paying $200 million upfront with potential milestone payments up to $130 million, aiming to enhance its immunology R&D pipeline with an investigational oral peptide IL23R inhibitor and a proprietary peptide synthesis platform. |
ImmunoGen, Inc. | 2024 | AbbVie acquired ImmunoGen, Inc. in February 2024 for approximately $9.8 billion in total value, strengthening its oncology portfolio with antibody-drug conjugate (ADC) technology including the first-in-class product ELAHERE for platinum-resistant ovarian cancer. |
Cerevel Therapeutics Holdings, Inc. | 2024 | Completed on August 1, 2024, the acquisition of Cerevel Therapeutics involved a cash payment of $45.00 per share, totaling about $8.7 billion, and strategically expanded AbbVie's neuroscience portfolio while integrating a licensing agreement with Pfizer that could trigger additional milestone payments up to $1.6 billion. |
Syndesi Therapeutics SA | 2022 | Acquired in February 2022 for an upfront payment of $130 million with contingent future payments up to $870 million, this deal provided AbbVie access to Syndesi's SV2A modulator portfolio, including the lead molecule SDI-118 in Phase 1b studies aimed at enhancing synaptic efficiency. |
DJS Antibodies Ltd | 2022 | In 2022, AbbVie acquired DJS Antibodies Ltd for approximately $255 million upfront plus up to $95 million in future milestone payments, obtaining the DJS-002 LPAR1 antagonist antibody program and the HEPTAD platform for novel antibody discovery targeting fibrotic diseases. |
Recent press releases and 8-K filings for ABBV.
- AbbVie secured extended U.S. patent protection for its immunology drug Rinvoq until April 2037, delaying generic competition by about four years.
- Settlements with generic manufacturers including Sandoz, Hetero Labs, Aurobindo Pharma, Intas Pharmaceuticals, and Sun Pharmaceuticals underpin the exclusivity extension.
- Analysts raised Rinvoq’s peak sales forecasts to $19 billion worldwide by 2033 and $15 billion in the U.S. by 2036, boosting the long-term revenue outlook.
- The extension contributes to projected combined annual sales of over $31 billion for Rinvoq and Skyrizi by 2027 and drove a >4% stock price rise with renewed strong Buy ratings.
- On September 11, 2025, AbbVie announced it has settled litigation with all generic manufacturers of upadacitinib (RINVOQ) tablets in the U.S., extending its market exclusivity through April 2037, assuming pediatric exclusivity is granted.
- The settlement and license agreements are subject to standard acceleration provisions that could affect the timing of generic entry.
- 92% of relapsed/refractory DLBCL patients received the first full 48 mg dose of epcoritamab monotherapy in an outpatient setting, demonstrating feasibility of outpatient administration.
- Safety profile was consistent with prior studies: 40.2% overall CRS (all Grade 1–2; median resolution 2 days), 30% CRS at first full dose (all low grade), and 7.6% ICANS (median resolution 3 days); no events led to treatment discontinuation.
- Efficacy: 64.3% ORR and 47.6% CR in patients after one prior therapy (n=42; median follow-up 5.8 months); 60.0% ORR and 38.0% CR after two or more prior therapies (n=50; median follow-up 10.8 months).
- EPCORE NHL-6 enrolled 92 R/R DLBCL patients (median age 69; 82.6% Ann Arbor stage III–IV) with a median follow-up of 7.6 months, and half of patients remained on treatment as of January 15, 2025.
- AbbVie has finalized the acquisition of Capstan Therapeutics, making it part of AbbVie’s portfolio.
- The deal brings CPTX2309, a Phase 1 in vivo targeted lipid nanoparticle (tLNP) anti-CD19 CAR-T candidate for B cell-mediated autoimmune diseases.
- CPTX2309 is designed to generate CD19-specific CD8+ CAR-T cells for rapid, deep B cell depletion and aims for durable, drug-free remission without lymphodepleting chemotherapy.
- Capstan’s proprietary tLNP platform, capable of delivering RNA payloads to engineer specific cell types in vivo, now strengthens AbbVie’s immunology pipeline.
- Pipeline progress: updated Phase 2 data for vilastobart showed a 26% objective response rate in metastatic MSS colorectal cancer without liver metastases and a differentiated safety profile.
- Cash runway: $121.6 million in cash and cash equivalents as of June 30, 2025, sufficient to fund operations through end of Q3 2026.
- Q2 2025 financials: collaboration revenue of $8.1 million vs $2.4 million in Q2 2024; R&D expense $15.3 million; net loss $15.8 million.
- Financing update: June 2025 follow-on offering generated $47 million net proceeds, with warrants potentially raising up to $100 million by H2 2026.
- Pipeline milestones: on track to nominate first masked T cell engager development candidates in H2 2025.
- In Study 2 of the Phase 3 UP-AA program, upadacitinib 15 mg and 30 mg achieved the primary endpoint: 44.6% and 54.3% of patients with severe alopecia areata reached ≥80% scalp hair coverage at week 24 versus 3.4% for placebo (p<0.001).
- Key secondary endpoints were met, including 36.0% (15 mg) and 47.1% (30 mg) of patients achieving ≥90% coverage (SALT ≤10) and improvements in eyebrows/eyelashes, with some patients attaining complete coverage (SALT = 0) at week 24.
- The safety profile over 24 weeks was consistent with approved indications; serious adverse events occurred in 1.4% (15 mg) and 2.8% (30 mg) of patients, with no new safety signals identified.
- Results from the parallel Study 1 are expected in the third quarter of 2025.
- AbbVie filed a supplemental New Drug Application for a fixed-duration, all-oral combination of VENCLEXTA® (venetoclax) and acalabrutinib in previously untreated CLL patients.
- Submission is based on Phase 3 AMPLIFY results showing a 35% reduction in risk of progression or death vs chemoimmunotherapy (HR 0.65; 95% CI: 0.49–0.87; p=0.004).
- The safety profile aligns with monotherapy findings: Grade 3+ neutropenia occurred in 26.8% of patients and tumor lysis syndrome rates were lower (0.3% vs 3.1%).
- If approved, this would be the first oral VENCLEXTA-acalabrutinib regimen offering a potential treatment-free interval in frontline CLL care.
- AbbVie and IGI announced an exclusive global licensing agreement for ISB 2001, a first-in-class CD38×BCMA×CD3 trispecific T-cell engager in Phase 1 for relapsed/refractory multiple myeloma.
- Under the terms, AbbVie secures development, manufacturing and commercialization rights in North America, Europe, Japan and Greater China; IGI will receive an upfront $700 million and up to $1.225 billion in milestones, plus tiered double-digit royalties.
- Phase 1 data presented at ASCO 2025 in 35 heavily pretreated patients showed a 79% overall response rate and 30% complete/stringent complete response rate at doses ≥50 μg/kg.
- AbbVie expects $823 million in acquired IPR&D and milestones expense in Q2 2025, reducing both GAAP and adjusted non-GAAP diluted EPS by $0.42 per share.
- Including this charge, Q2 2025 adjusted diluted EPS guidance is $2.84–$2.88, down from $3.26–$3.30 previously announced.
- Full-year 2025 adjusted diluted EPS guidance, reflecting the Q2 expense, is $11.67–$11.87, versus $12.09–$12.29 excluding the expense.
- AbbVie does not forecast any additional acquired IPR&D and milestones expense beyond Q2 2025 due to the uncertainty of timing and occurrence of such transactions.
- AbbVie enters a definitive agreement to acquire Capstan for up to $2.1 billion in cash at closing, subject to customary conditions including Hart-Scott-Rodino approval.
- The acquisition secures CPTX2309, a Phase 1 in vivo tLNP anti-CD19 CAR-T therapy candidate for B cell-mediated autoimmune diseases.
- Capstan’s proprietary tLNP platform technology for targeted RNA payload delivery in vivo is included in the deal.
- Transaction aims to bolster AbbVie's immunology portfolio by advancing off-the-shelf cell therapy modalities.