AbbVie
Researches and sells medicines for the immune system, cancer and more; also Botox.
📖 Its story
In 1888, Dr. Wallace Abbott started making tiny pills in Chicago so medicines would have exact doses. His company, Abbott, grew a whole lot. In 2013, Abbott split off its new-medicines business, and that's how AbbVie was born.
💵 How it makes money
By selling patented medicines, like treatments for arthritis and psoriasis, and medical beauty products like Botox.
🤯 Fun fact
Its medicine Humira was, for several years, the medicine that brought in the most money in the world.
👍 The good part
It has new medicines that are growing to replace the ones that lose their patents.
⚠️ The risk
When its medicines lose their patents, cheaper copies show up, like what happened with Humira.
🧠 Did you get it?
What company did AbbVie split off from in 2013?
🗂️ Quick facts
- Founded in: 1888
- Founded by: Wallace C. Abbott (Abbott); AbbVie split off from Abbott in 2013
- Home: North Chicago, Illinois, USA
🔎 How to find it on the stock market
- Search the internet for ABBV stock.
- You can also find it in your parents' investing app with the letters ABBV.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in AbbVie. Ask your mom or dad to join the list.
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