This statistic illustrates the expenditure of AbbVie on research and development from 2012 to 2023. In 2023, AbbVie significantly increased its R&D expenditure to some 7.7 billion U.S. dollars, compared to 6.5 billion dollars in the year before. Abbot was a U.S.-based global pharmaceutical and healthcare products company, headquartered in Chicago, Illinois. In January 2013, Abbott was separated into two companies: Abbott Laboratories and AbbVie. Abbott Laboratories is now specialized on medical products, while AbbVie is responsible for research-based pharmaceuticals. On May 8, 2020, AbbVie completed the acquisition of Allergan plc.
AbbVie's research and development expenditure from 2012 to 2023
(in million U.S. dollars)
This statistic was assembled from several of Abbvie's annual reports.
* Research and development expenses in 2018 increased from 2017 principally due to a $5.1 billion intangible asset impairment charge related to
IPR&D acquired as part of the 2016 Stemcentrx acquisition following the decision to stop enrollment in the TAHOE trial.
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AbbVie. (February 20, 2024). AbbVie's research and development expenditure from 2012 to 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 02, 2024, from https://www.statista.com/statistics/417068/r-and-d-expenditure-of-abbvie/
AbbVie. "AbbVie's research and development expenditure from 2012 to 2023 (in million U.S. dollars)." Chart. February 20, 2024. Statista. Accessed December 02, 2024. https://www.statista.com/statistics/417068/r-and-d-expenditure-of-abbvie/
AbbVie. (2024). AbbVie's research and development expenditure from 2012 to 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 02, 2024. https://www.statista.com/statistics/417068/r-and-d-expenditure-of-abbvie/
AbbVie. "Abbvie's Research and Development Expenditure from 2012 to 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 20 Feb 2024, https://www.statista.com/statistics/417068/r-and-d-expenditure-of-abbvie/
AbbVie, AbbVie's research and development expenditure from 2012 to 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/417068/r-and-d-expenditure-of-abbvie/ (last visited December 02, 2024)
AbbVie's research and development expenditure from 2012 to 2023 (in million U.S. dollars) [Graph], AbbVie, February 20, 2024. [Online]. Available: https://www.statista.com/statistics/417068/r-and-d-expenditure-of-abbvie/