Connect with us


Buy AbbVie Stock. The Pharma Giant Is Still Worth Owning Even as Humira Fades.



Sometimes, a single worry grows so large that it obscures all the good things happening at the same time. That’s the case with the stock of pharma giant


whose blockbuster drug Humira faces patent expirations.

Humira is an immunosuppressive that’s racked up nearly $200 billion in sales since its 2002 approval. AbbVie (ticker: ABBV) has fought fiercely to extend its exclusivity of Humira, which treats conditions from rheumatoid arthritis to Crohn’s disease, but it has already lost patent protection in Europe and faces increased competition from biosimilars in the U.S., beginning next year.

Source link


It’s nice to meet you.

Sign up to receive daily censor free content in your inbox

We don’t spam! Read our privacy policy for more info.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *