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AbbVie

Latest Headlines

Latest Headlines

Pension fund sues AbbVie over expected high taxes from Shire deal

As if the merger-happy pharmaceutical industry didn't have enough to worry about, what with the federal government threatening to crack down on companies that flee overseas to lower their taxes, now there's another set of stakeholders protesting these so-called tax inversions: pension funds.

AbbVie and Biogen inch toward the FDA with once-a-month MS drug

Partners Biogen Idec and AbbVie are touting late-stage results for their new, monthly multiple sclerosis treatment, preparing to hand in regulatory applications next year and contend in a crowded market.

FTC takes after AbbVie, Teva for pay-for-delay deal on AndroGel

Even as the FDA is questioning the widespread use of testosterone-boosting drugs for men, the Federal Trade Commission has sued AbbVie and Teva Pharmaceutical Industries for keeping a generic of one out of their reach for years. It is one of the first actions brought by the FTC since the Supreme Court last year said that so-called pay-for-delay deals are not inherently illegal.

AbbVie takes 'leap into the unknown' with Google tie-up

While the outside world still has little idea what Google's biotech Calico is planning, AbbVie has seen enough to convince it to commit at least $250 million to the startup.

UPDATED: AbbVie partners with Google's Calico on $1.5B R&D operation focused on aging

Hot on the heels of its $805 million development deal with Infinity, AbbVie Pharmaceuticals has followed up today with a plan to partner with Google's closely watched biotech upstart Calico on a new research operation that will cost up to $1.5 billion to get started.

AbbVie ties the knot with Infinity in $805M blood cancer collaboration

AbbVie has agreed to hand over $275 million upfront to Infinity Pharmaceuticals in exchange for rights to develop and commercialize duvelisib, its oral PI3k-delta/gamma inhibitor for blood cancers. And the blockbuster-size deal for Infinity's lead program comes with $530 million in potential milestones.

AbbVie aims to truck ahead with hep C testing promo campaign

AbbVie's waiting for FDA approval on a hepatitis C combo therapy. OraSure makes a rapid test to detect the virus. And professional truck drivers in the U.S. are more than 5 times as likely as other Americans to have it.

Gilead fends off Roche as hep C heavyweights fight for blockbuster rights

Gilead Sciences convinced an panel of arbitrators that rival Roche had no legitimate claims on Sovaldi, its record-setting hepatitis C treatment, but the antiviral pioneer still faces patent spats with a host of challengers looking to cash in on next-generation combo therapies for the disease.

Pharma shares sink as U.S. threatens tax-inversion crackdown

U.S. drugmakers have embraced the tax inversion strategy with open arms as of late, buying up foreign companies right and left and hauling overseas to take advantage of their lower rates. But U.S. officials are looking to stop them in their tracks--an intent that has some pharma investors worried.

AbbVie decides against Supreme Court appeal for ruling that extended rights to gays

Without explaining why, AbbVie has decided not to appeal a court ruling that extended rights to gay jurors which materialized out of litigation it has been waging with GlaxoSmithKline over the pricing of an HIV med. But it is seldom a good idea for a pharma company to antagonize its patient base. And gay men make up a significant number of the patients on HIV drugs sold by the drugmaker.