And now, the biotech has pulled in another $4 million to do the same for Covid-19. AbbVie's lone late-stage program outside of the oncology and immunology areas is elagolix. American biopharma AbbVie (NYSE:ABBV) is renowned for its blockbuster drug, Humira, which was one of the best-selling drugs of the last 20 years. His interests include exploring his hometown of Boston, traveling in Latin America, and value investing. In terms of the opportunities in the COVID-19 pandemic, it's possible that AbbVie's role in fighting COVID-19 is smaller than that of its competitors. The Seattle-based company is working on a camelid antibody cocktail to combat GI infection common among Covid-19 patients. If you're already an Endpoints subscriber, enter your email below for a magic link that lets you sign in quickly without using a password. Let's look at its key late-stage candidates by therapeutic area. If all goes well, the company will submit upadacitinib for approval in the second half of 2018. Another Allergan project picked up by AbbVie in their $63 billion buyout has turned sour. This is to be expected, as Humira has been on the market since 2002 and was one of the best-selling drugs in the U.S. during the 2010s. Returns as of 09/24/2020. The remainder of this year and most of next year will probably not be an exciting time for AbbVie, as several of its established products face headwinds that will diminish sales. Nonetheless, AbbVie will also be experiencing tapering revenue growth for the indications it sought in the 2010s for its existing drugs. Given the state of the company's pipeline, it is highly likely that the new drug or drugs will compete in the oncology or immunology markets. Once AbbVie's quarterly earnings reports reflect the earnings growth from Allergan's product roster, investors may change their tune. AbbVie hopes to win additional approvals for Venclexta in treating relapsed or refractory and first-line CLL, acute myeloid leukemia (AML), and multiple myeloma. That sounds like a political move,” he decided. It's only natural that investors could be concerned about the risks for AbbVie's other candidates. That pipeline Ab­b­Vie ac­quired in the $63B Al­ler­gan buy­out? Die AbbVie-Internetseite, die Sie angefordert haben, ist möglicherweise nicht für Ihre Bildschirmgröße optimiert. And previous skepticism about AbbVie's prediction of $5 billion in sales for Rova-T certainly now seems to be justified. If the drug successfully completes its ongoing phase 3 trials, it will be positioned to grab market share from long-entrenched competing products. AbbVie estimates that purchasing Allergan will lead to an immediate increase of its cashflows by as much as $19 billion. I suspect that Chase is right. The Boston-based biotech is back with $96 million in Series B financing with a goal to get its lead program ready for IND-enabling studies by the end of the year. Please note this link is one-time use only and is valid for only 24 hours. For example, AbbVie has talked about peak sales potential for Imbruvica of $7 billion, but the jury is definitely still out on that target. AbbVie CFO Bill Chase recently stated that "even in a worst-case scenario, [elagolix] is clearly a $1 billion plus asset." There are two promising late-stage immunology candidates in AbbVie's pipeline -- upadacitinib and risankizumab.

AbbVie's other late-stage oncology asset is veliparib.

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