AbbVie - M&A Summary and Business Overview

Life ScienceCompany

AbbVie M&A Summary

AbbVie has acquired 12 companies, including 9 in the last 5 years. It has also divested 1 asset.

AbbVie’s largest acquisition to date was in 2019, when it acquired Allergan for $63.0B. It’s largest disclosed sale occurred in 2020, when it sold Rare Pediatric Disease Priority Review Voucher to United Therapeutics for $105M. AbbVie has acquired in 6 different US states, and 3 countries. The Company’s most targeted sectors include life science (100%).

AbbVie Business Overview

Where is AbbVie headquartered?

AbbVie is headquartered in North Chicago, Illinois.

What is AbbVie’s revenue?

AbbVie disclosed revenue of 54,318M USD for 2023 and 58,054M USD for 2022.

How many employees does AbbVie have?

AbbVie has 50,000 employees.

What sector is AbbVie in?

AbbVie is a life science company.

When was AbbVie founded?

AbbVie was founded in 2012.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity12
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 1
  • M&A Advisors 9

AbbVie

AbbVie, Inc.

1 North Waukegan Road,
North Chicago, Illinois 60064
United States,
(847) 932-7900
www.abbvie.com

AbbVie is a research-based biopharmaceutical company. AbbVie develops and markets advanced therapies that address complex and serious diseases. AbbVie's products are focused on treating conditions such as chronic autoimmune diseases, including rheumatoid arthritis, psoriasis, and Crohn's disease; low testosterone; HIV; endometriosis; thyroid disease; Parkinson's disease; and complications associated with chronic kidney disease and cystic fibrosis, among other health conditions. AbbVie was founded in 2012 and is based in North Chicago, Illinois.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.4/yr) # 5 - - 2 2 3 12
vol $90.2B $1.0B $18.8B $1.8B $111.7B
Sell (0.2/yr) # - 1 - - - - 1
vol $105M $105M
  13

Most Recent M&A

Company Date Value Type
Aliada Therapeutics, Inc. 2024-10-28 1.4B USD Add-on Acquisition
Boston, Massachusetts · www.aliadatx.com
Celsius Therapeutics, Inc. 2024-06-27 250M USD Add-on Acquisition
Cambridge, Massachusetts · www.celsiustx.com
Landos Biopharma, Inc. 2024-03-25 138M USD Add-on Acquisition
Blacksburg, Virginia · www.landosbiopharma.com
Cerevel Therapeutics, Inc. 2023-12-06 8.7B USD Add-on Acquisition
Cambridge, Massachusetts · www.cerevel.com
ImmunoGen, Inc. 2023-11-30 10.1B USD Add-on Acquisition
Waltham, Massachusetts · www.immunogen.com
DJS Antibodies Ltd. 2022-10-20 - Add-on Acquisition
Oxford, United Kingdom · www.djsantibodies.com
Syndesi Therapeutics SA 2022-03-01 1.0B USD Add-on Acquisition
Louvain-la-Neuve, Belgium · www.syndesitherapeutics.com
Rare Pediatric Disease Priority Review Voucher (PPRV) 2020-12-28 105M USD Divestiture
, United States
Mavupharma 2019-07-15 - Add-on Acquisition
Kirkland, Washington · www.mavupharma.com
Allergan plc 2019-06-25 63.0B USD Add-on Acquisition
Parsippany, New Jersey · www.allergan.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Allergan plc 2019-06-25 Zenpep 2020-01-27 1
Parsippany, New Jersey · www.allergan.com Parsippany, New Jersey · www.zenpep.com

M&A by Sector

Sector Buy # Value Sell # Value
Life Science 12 (100%) 111.7B (100%) 1 (100%) 105M (100%)
Total 12 $111.7B 1 $105M

By Geo

State/Country Buy Value Sell Value
United States 10 110.7B 1 105M
  Massachusetts 4 20.5B - -
  California 2 26.8B - -
  Washington 1 - - -
  Virginia 1 138M - -
  New Jersey 1 63.0B - -
Belgium 1 1.0B - -
United Kingdom 1 - - -
Domestic 10 (83%) 110.7B (99%) 1 (100%) 105M (100%)
Cross-border 2 (17%) 1.0B (1%) - -
Total 12 $111.7B 1 $105M

Top M&A Advisors

Financial Deals
Morgan Stanley
4
PJT Partners, Inc.
1
J.P. Morgan Securities
1
Legal Deals
Wachtell, Lipton, Rosen & Katz
2
Kirkland & Ellis
2
Covington & Burling
2

Deal Values

buy # Total
> $1B 7 $111.0B
$100M to $1B 3 $738M
TOTAL $111.7B
Largest Allergan plc
$63.0B (2019-06-25)
sell # Total
$100M to $1B 1 $105M
TOTAL $105M
Largest Rare Pediatric Disease Priority Review Voucher (PPRV)
$105M (2020-12-28)

M&A Connections

Deals
Acquired from
Strategic(s)
8%
1 (8%)
Divested to
Strategic(s)
100%
1 (100%)

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