AbbVie - >>> AbbVie’s top-selling blockbuster drug -- defined as one that generates more than $1 billion in annual sales -- is the rheumatoid arthritis treatment Humira. Although sales from Humira are expected to decline in 2023 when AbbVie's patent for the drug expires, the drugmaker’s portfolio also includes several other products with strong sales performances.
Blood cancer drug Venclexta continues to perform well. The company also expects to profit significantly from its anti-inflammatory drugs Rinvoq and Skyrizi. AbbVie projects combined risk-adjusted sales for the two drugs of $15 billion in 2025.
AbbVie’s pipeline includes 20 different programs in phase 3 testing. Most of the candidates target additional approvals for existing drugs. However, the company is also in the late stages of testing promising new candidate drugs to treat blood cancer, Parkinson’s disease, and wet age-related macular degeneration.
Investors also have a lot to like about AbbVie’s dividend. The company belongs to the elite group of stocks called Dividend Aristocrats that have increased their dividends for at least 25 consecutive years. In just the past five years, AbbVie has increased its dividend by 120%.
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