Abbvie plans to lift $2 billion cap on deals - WSJ

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AbbVie (ABBV) looks to new drugs to boost sales following Humira competition - WSJ

February 6, 2023 11:17 AM EST

AbbVie (NYSE: ABBV) is looking towards its new drugs to replace Humiria now that its blockbuster immune-disease therapy is facing lower-priced competition, the Wall Street Journal said Monday.

The WSJ said that the drugmaker's Chief Executive, Richard Gonzalez, revealed the company is turning to a pair of next-generation successors to reload the billions of dollars in sales that will be lost.

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