A Ticker A Day #13: AbbVie Inc ($ABBV)

Makers of Humira expand into new markets, return cash to investors, acquire Allergan

Jan 22, 2020

∙ Paid

AbbVie Inc. (www.abbvie.com) is a biopharmaceutical company founded in 2013 that originated as a spin-off of Abbott Laboratories.

The company is profitable, with a market cap of $130.12 billion with Q3 2019 net earnings of $1.884 billion on revenues of $8.479 billion (+3% over the same period in the previous year), with gross margins of 77.4%. The compan…

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