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Abbvie Inc.  (ABBV)
Other Ticker:  
 
    Sector  Healthcare    Industry Biotechnology & Drugs
   Industry Biotechnology & Drugs
   Sector  Healthcare

Abbvie Inc's

Competitiveness


 

ABBV Sales vs. its Competitors Q2 2019



Comparing the results to its competitors, Abbvie Inc reported Total Revenue decrease in the 2 quarter 2019 year on year by -0.28 %, faster than overall decrease of Abbvie Inc's competitors by -7.53 %, recorded in the same quarter.

List of ABBV Competitors

With net margin of 8.98 % company reported lower profitability than its competitors.

More on ABBV Margin Comparisons



Revenue Growth Comparisons




Net Income Comparison


Abbvie Inc. Net Income in 2 quarter 2019 declined year on year by -62.63 %, despite income growth by most of its competitors

<<  More on ABBV Income Comparisons


Abbvie Inc's Comment on Competitors and Industry Peers


The markets for AbbVie's products are highly competitive. AbbVie competes with other research-based pharmaceuticals and biotechnology companies that discover, manufacture, market, and sell proprietary pharmaceutical products and biologics. For example, HUMIRA competes with a number of anti-TNF and other products that are approved for a number of disease states and AbbVie's virology products compete with protease inhibitors and other anti-HIV treatments. The search for technological innovations in pharmaceutical products is a significant aspect of competition. The introduction of new products by competitors and changes in medical practices and procedures can result in product obsolescence. Price is also a competitive factor. In addition, the substitution of generic pharmaceutical products for branded pharmaceutical products creates competitive pressures on AbbVie's products that do not have patent protection.

Biosimilars. Competition for AbbVie's biologic products is affected by the approval of follow-on biologics, also known as "biosimilars." Biologics have added major therapeutic options for the treatment of many diseases, including some for which therapies were unavailable or inadequate. The advent of biologics has also raised complex regulatory issues and significant pharmacoeconomic concerns because the cost of developing and producing biologic therapies is typically dramatically higher than for conventional (small molecule) medications, and because many expensive biologic medications are used for ongoing treatment of chronic diseases, such as rheumatoid arthritis or inflammatory bowel disease, or for the treatment of previously untreatable cancer. Significant investments in biologics infrastructure and manufacturing are necessary to produce biologic products, as are significant investments in marketing, distribution, and sales organization activities, which may limit the number of biosimilar competitors.

In the United States, the FDA regulates biologics under the Federal Food, Drug, and Cosmetic Act, the Public Health Service Act, and implementing regulations. While the enactment of federal health care reform legislation in March 2010 was meant to provide a pathway for approval of biosimilars under the Public Health Service Act, recent regulatory guidance suggests that the approval process for biosimilars will be far more extensive than the approval process for generic or other follow-on versions of small molecule products, in order to ensure that the safety and efficacy of biosimilars is highly similar to that of an original biologic, such as HUMIRA. Ultimate approval by the FDA is dependent upon many factors, including a showing that the biosimilar is "highly similar" to the original product and has no clinically meaningful differences from the original product in terms of safety, purity, and potency. The types of data that could ordinarily be required in an application to show similarity would include analytical data and studies to demonstrate chemical similarity, animal studies (including toxicity studies), and clinical studies. Applicable regulations also require that the biosimilar must be for the same indication as the original biologic and involve the same mechanism of action, and that the manufacturing facility meets the standards necessary to assure that the biosimilar is safe, pure, and potent.

Furthermore, the new law provides that only a biosimilar product that is deemed to be "interchangeable" may be substituted for the original biologic product without the intervention of the health care provider who prescribed the original biologic product. To prove that a biosimilar product is interchangeable, the applicant must demonstrate that the product can be expected to produce the same clinical results as the original biologic product in any given patient, and if the product is administered more than once in a patient, that safety risks and potential for diminished efficacy of alternating or switching between the use of the interchangeable biosimilar biologic product and the original biologic product is no greater than the risk of using the original biologic product without switching. The new law is only beginning to be interpreted and implemented by the FDA. As a result, its ultimate impact, implementation, and meaning will likely be subject to substantial uncertainty for years to come.





  

HUMIRA Segment Market Share Q2 2019

Despite revenue growth of 12.04 % in HUMIRA segment, Abbvie Inc. lost market share within this segment.





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Kaletra Segment Market Share Q2 2019

despite revenue deterioration, Abbvie Inc inceased its market share in this segment.

company inceased its market share in this segment to approximate 9.14 %.



<<  More on ABBV Market Share.
 

  

Lupron Segment Market Share Q2 2019

With modest revenue growth of 2.55 % within Lupron segment, Abbvie Inc. increased its market share.



<<  More on ABBV Market Share.
 

  

Other Segment Market Share Q2 2019

despite revenue deterioration, Abbvie Inc inceased its market share in this segment.

company inceased its market share in this segment to approximate 4.15 %.



<<  More on ABBV Market Share.
 

*Market share is not actual measurement, only performance comparison of companies which report and operate within the same segment.


ABBV's vs. Competition, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME TICKER MARKET CAP REVENUES INCOME EMPLOYEES
Abbvie Inc. ABBV 141,156 32,624 4,118 26,000
Abbott Laboratories ABT 155,990 31,355 3,292 77,000
Amgen Inc. AMGN 133,037 32,341 7,842 17,900
Biogen Inc. BIIB 58,184 14,465 5,391 7,550
Bristol Myers Squibb Co BMY 107,140 24,173 5,678 25,000
Celgene Corp CELG 78,961 16,982 1,834 6,012
Cephalon, Inc. CEPH 0 0 0 0
Johnson & Johnson JNJ 399,352 82,059 15,119 126,500
Pfizer Inc PFE 202,036 53,657 12,684 78,300
Wyeth WYE 0 0 0 0
Gilead Sciences, Inc. GILD 87,790 22,365 2,678 7,000
Merck & Co., Inc. MRK 211,139 45,971 9,191 70,000
Actavis Plc ACT 4,471 10,573 -751 19,200
GENZYME CORPORATION. GENZ 0 0 0 0
Watson Pharmaceuticals Inc WPI 0 0 0 0
Bard C R Inc BCR 28,675 5,308 690 13,900
FOREST LABORATORIES, INC. FRX 0 0 0 0
King Pharmaceuticals, Inc. KG 0 0 0 0
Eli Lilly And Company LLY 130,071 22,320 8,318 39,135
Mylan N.v. MYL 0 11,535 34 25,000
SUBTOTAL 1,738,001 405,728 76,118 538,497


             
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