- Business
- AbbVie Inc. AbbVie Inc. is a research-based biopharmaceutical company that discovers, develops, manufactures and commercializes innovative medicines and therapies addressing complex health issues across immunology, oncology, neuroscience, aesthetics, eye care and other therapeutic areas; key products include Humira (adalimumab) for autoimmune diseases such as rheumatoid arthritis, psoriatic arthritis, Crohn's disease and ulcerative colitis; Skyrizi (risankizumab) and Rinvoq (upadacitinib) for immunology indications; Imbruvica (ibrutinib) and Venclexta (venetoclax) for hematologic oncology; Vraylar (cariprazine) for schizophrenia and bipolar disorder; Botox for aesthetics; and additional offerings in eye care and cystic fibrosis treatments. The company, spun off from Abbott Laboratories Abbott Laboratories and founded in 2013, maintains global headquarters in North Chicago, Illinois, and conducts operations worldwide with over 50,000 employees supporting patients across multiple continents. Recent developments include the completion of its acquisition of Capstan Therapeutics in August 2025 for up to $2.1 billion to enhance targeted lipid nanoparticle technology for cell and gene therapies in autoimmune diseases and oncology; the acquisition of Gilgamesh Pharmaceuticals' lead asset bretisilocin in October 2025 for up to $1.2 billion to advance psychedelic-based treatments for depression; initiation of a $70 million expansion at its Worcester, Massachusetts biologics manufacturing facility in September 2025 to boost U.S. production capacity for oncology and immunology medicines as part of a broader $10 billion domestic investment commitment; and a $195 million expansion of its North Chicago API manufacturing site in 2025 to support neuroscience, immunology and oncology production.