AbbVie Stock: I Was So Wrong, But This Is Way Too Fast (NYSE:ABBV)

JHVEPhoto I’ve underestimated biopharma company AbbVie Inc.’s (NYSE:ABBV) ability to overcome the near- and medium-term headwinds from Humira’s LOE. I assessed that the risk/reward of ABBV was well-balanced in my previous update in late November 2023. However, that Hold/Neutral thesis has proved to be too cautious. I had anticipated selling pressure to intensify, potentially leading…

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AbbVie: Balance Is Everything (NYSE:ABBV)

Hailshadow The Decline of Humira For the first seven years of AbbVie’s (NYSE:ABBV) existence as a public company, its top selling drug Humira made up over 60% of the company’s total sales on average. By some accounts, based on cumulative sales since its launch in 2003, Humira has been the top selling drug of all…

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