ABBVIE FDA Wednesday, April 29, 2015 0.00 Neutral

FDA Approves Unknown Drug — ABBVIE

U.S. regulators approved AbbVie’s **Humira** (adalimumab), the biopharmaceutical giant’s best-selling therapy, bringing the blockbuster drug to market as a generic for the first time. This pivotal event sets the stage for a dramatic shift in the pharmaceutical landscape, slashing AbbVie’s revenue and igniting long-awaited competition from rival manufacturers.

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AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.

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