Abbvie plans to lift $2 billion cap on deals – WSJ

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Chief Executive Officer Richard Gonzalez said the company now has the capacity “to do more”, in an interview with WSJ that was published on Monday.

The comments come at a time when the drugmaker is beginning to face U.S. competition for its blockbuster rheumatoid arthritis drug, Humira, a major revenue driver for years.

The company did not immediately respond to a Reuters request for comment.

Abbvie is hoping to replace the loss of revenue from Humira through its newer immunology drugs Skyrizi and Rinvoqn, and has forecast sales of over $21 billion from the two products in 2027.