AbbVie's R&D expenditures as revenue share 2012-2023

Published by
Matej Mikulic,
Feb 22, 2024
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)

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Release date

2024

Region

Worldwide

Survey time period

2012 to 2023

Supplementary notes

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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