AbbVie: More Thank a One-Trick Pony?

As YCharts reported recently, AbbVie (ABBV), the pharmaceutical spinoff from (ABT), has one huge drug, Humira, sales of $9.3 billion last year, and quite a few drugs that are losing sales as patents expire and other factors kick in.

But news this week of another positive test result for an AbbVie Hepatitis C drug holds out hope that the company might soon have another blockbuster to at least partially reduce its reliance on Humira. The news could help AbbVie shares continue a torrid pace, with a year-to-date gain of 30%, as seen in a stock chart.

ABBV Chart

ABBV data by YCharts

Hep-C is believed to be a multi-billion-dollar opportunity, so widely suffered is the ailment.

Jeff Bailey, The Editor of YCharts, is a former reporter, editor and columnist at the Wall Street Journal and New York Times. He can be reached at editor@ycharts.com.

Read more articles about: Company Analysis  

blog comments powered by Disqus
Advertisement

Search Articles

Subscribe to YCharts Analysis

Advertisement

{{root.upsell.info.feature_headline}}.
Upgrade to {{root.upsell.info.tier_name}}. Start Your YCharts Membership. Start your {{root.upsell.info.tier_name}} Membership

{{root.upsell.info.feature_description}}

{{root.upsell.info.is_upgrade ? "Upgrade Now" : "Get Started Now"}}

Already a YCharts Member? Already a {{root.upsell.info.tier_name}} Member? Sign in here.