AbbVie raises 2020 profit forecast as COVID-19 hit eases

Botox, which AbbVie gained through its $64 billion acquisition of Allergan in May, suffered an initial hit during the peak of the health crisis, but demand has since improved. AbbVie’s portfolio of aesthetic medicines such as Botox was showing a “V-shaped recovery,” Chief Executive Officer Richard Gonzalez said in a statement. Humira brought in sales of $5.14 billion and AbbVie’s newer psoriasis medicine Skyrizi generated $435 million in the quarter ended Sept. 30. …read more

Source:: Yahoo Finance

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