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AbbVie Says Botox Business Recovering But Allergan Drags Down Q2 Financials

 
• By Joseph Haas

AbbVie reported revenue growth during the second quarter, with products like Rinvoq and Skyrizi leading the charge. But Allergan, despite growth for Vraylar and Ubrelvy, pushed down overall performance.

Team_Puzzle
The merger complete, AbbVie unveiled its combined earnings with Allergan

The debut quarter of the combined AbbVie Inc./Allergan plc business had a rocky start due to the impact of the COVID-19 pandemic, creating an unexpected dynamic of growth for AbbVie’s legacy products being dragged down by poor performance of Allergan’s star sellers, which were hard hit by the pandemic.

When it was announced last June, the $63bn AbbVie/Allergan merger was deemed an attempt to buy revenue, especially top seller Botox. The deal closed on 8 May at the height of the pandemic’s impact on US and global business

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