This statistic illustrates the expenditure of AbbVie on research and development as a percentage of revenue from 2012 to 2023. In 2023, AbbVie spent some 14 percent of its revenue on research and development, which is a low percentage for a leading pharmaceutical company. 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 spending as a share of revenue 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 spending as a share of revenue from 2012 to 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/807898/r-and-d-expenditure-of-abbvie-as-revenue-share/
AbbVie. "AbbVie's research and development spending as a share of revenue from 2012 to 2023 (in million U.S. dollars)." Chart. February 20, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/807898/r-and-d-expenditure-of-abbvie-as-revenue-share/
AbbVie. (2024). AbbVie's research and development spending as a share of revenue from 2012 to 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/807898/r-and-d-expenditure-of-abbvie-as-revenue-share/
AbbVie. "Abbvie's Research and Development Spending as a Share of Revenue from 2012 to 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 20 Feb 2024, https://www.statista.com/statistics/807898/r-and-d-expenditure-of-abbvie-as-revenue-share/
AbbVie, AbbVie's research and development spending as a share of revenue from 2012 to 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/807898/r-and-d-expenditure-of-abbvie-as-revenue-share/ (last visited December 30, 2024)
AbbVie's research and development spending as a share of revenue from 2012 to 2023 (in million U.S. dollars) [Graph], AbbVie, February 20, 2024. [Online]. Available: https://www.statista.com/statistics/807898/r-and-d-expenditure-of-abbvie-as-revenue-share/
