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AbbVie's Stock Performance and Recent Acquisition
ByAinvest
Wednesday, Apr 9, 2025 5:31 pm ET1min read
AbbVie's stock has outperformed the S&P 500, rising 16% since November 2023. The company's acquisition of ImmunoGen for $10 billion and its flagship drug Elahere, a first-in-class antibody-drug conjugate, have contributed to its success. Despite the impending patent cliff for its top-selling drug Humira, AbbVie's diversified portfolio and innovative pipeline suggest a promising future.
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