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Abbvie

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AbbVie Bets $380 Million on North Chicago API Manufacturing Expansion
business5 days ago

AbbVie Bets $380 Million on North Chicago API Manufacturing Expansion

AbbVie announced a $380 million plan to build two new active pharmaceutical ingredient facilities at its North Chicago campus, with construction starting in spring 2026 and full operation expected by 2029. The AI-enabled manufacturing hubs will support next-generation neuroscience and obesity medicines and are part of AbbVie's broader $100 billion U.S. R&D and capital investments commitment, including plans to hire about 300 local workers.

healthcare1 month ago

AbbVie, U.S. Government Strike Deal to Expand Access and Invest in Domestic Pharma

AbbVie and the Trump administration announced a three-year agreement to boost U.S. access and affordability: AbbVie will offer low Medicaid prices, expand direct-to-patient access via the TrumpRx program for medicines including ALPHAGAN, COMBIGAN, HUMIRA and SYNTHROID, and commit $100 billion in U.S.-based R&D and manufacturing investments over the next decade, in exchange for tariff relief and exemption from future price mandates; the deal aims to address all four of the President's drug pricing priorities, with terms kept confidential.

AbbVie Acquires Gilgamesh's Psychedelic Depression Therapy in $1.2B Deal
business6 months ago

AbbVie Acquires Gilgamesh's Psychedelic Depression Therapy in $1.2B Deal

AbbVie is acquiring Gilgamesh Pharmaceuticals' investigational drug bretisilocin, a promising psychedelic therapy in Phase 2 trials for major depressive disorder, aiming to expand its psychiatric treatment portfolio. The drug has shown significant antidepressant effects with a shorter psychoactive duration, and the deal includes up to $1.2 billion in potential payments. This move underscores AbbVie's commitment to innovative mental health treatments.