AbbVie Makes Progress on Quest to Diversify

AbbVie's (NYSE: ABBV) Humira will face-off against cheaper biosimilars in the coming years, and that's bad news because Humira generates about two-thirds of AbbVie's companywide sales. Fortunately, there's still time to develop blockbuster drugs that can help offset any eventual slowing in Humira demand.

Today, AbbVie and collaboration partner Roche Holdings (NASDAQOTH: RHHBY) reported new data on Venclexta that could significantly expand its use and drive its revenue higher, helping AbbVie make up for any drop in future sales.

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Source: Fool.com