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AbbVie looks beyond Humira with $63 billion deal for Botox-maker Allergan

Increase font size  Decrease font size Date:2019-06-28   Views:89

AbbVie has long been under pressure to diversify its portfolio and its shares have lost more than a third of their value since January 2018 over concerns about Humira Drugmaker AbbVie said that it would acquire Allergan for about $63 billion, giving AbbVie control over the lucrative wrinkle treatment Botox and buying time to seek new growth before its blockbuster arthritis treatment Humira loses US patent protection.

 
 
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