Abbvie, a top global biopharmaceutical company headquartered in the United States, focusses on solving threatening health problems. A recently formed company in 2013, Abbvie was formed as a separate research based pharma company from Abbott.
Abbvie partners to create drug discovery innovations and to make the most significant impact with the partnership. The company’s partnering activity is reviewed in the article.
The following figure shows the level of Abbvie partnering deal announcements since 2009.
Figure 1: Abbvie partnering deals 2011-2014
Figure 1: Abbvie partnering deals 2011-2014
Source: Current Agreements, 2014
Having been recently formed, Abbvie has embarked upon some important partnerships for antibodies and small molecules with companies like Alvine Pharmaceuticals, Galapagos, Ablynx etc. In 2012, Abbot and Abbvie entered into several agreements related to the creation of the research based pharmaceutical.
Analysis of the partnering deals shows a strong emphasis on partnerships in immunology and gastrointestinal and infectious diseases. The company specifically works on immunological diseases like allergy and systemic lupus erythematosus.
The following table provides an overview of the partnering deals announced by Abbvie based on therapy area disclosed. Our report provides more detailed insight into the precise therapeutic target of each deal.
Report: Partnering Agreements with Abbvie 2009-2014
Figure 2: Abbvie partnering deals by therapy area 2009-2014
Figure 2: Abbvie partnering deals by therapy area 2009-2014
Source: Current Agreements, 2014
Further analysis of these deals shows that Abbvie has a preference for licensing and co-promotion deals, similar to many other top pharmaceutical or big biotech companies. Such partnering deals provide the right for Abbvie to exploit the licensors technology in return for payment of upfront, development and sales, and royalty payments.
The following table provides an overview of the partnering deals announced by Abbvie based on deal type disclosed.
Figure 3: Abbvie partnering deals by deal type 2009-2014
Figure 3: Abbvie partnering deals by deal type 2009-2014
Source: Current Agreements, 2014
When looking at stage of development at partnering deal signing, the most popular stage at signing is research with 5 deal announcements, followed closely by phase II stage deal announcements. Abbvie has a number of products in their development pipeline mostly in the phase II clinical trial along with multiple programs underway in phase III.
The following table provides an overview of the partnering deals announced by Abbvie based on stage of development at signature.
Figure 4: Abbvie partnering by stage of development 2009-2014
Figure 4: Abbvie partnering by stage of development 2009-2014
Source: Current Agreements, 2014
Unsprisingly, like any other big pharma company, Abbvie has entered into some high value deals with companies like Galapagos for the compound GLPG0634 in the treatment of rheumatoid arthritis and Ablynx for nanobodies in SLE treatment.
Figure 5: Top Abbvie partnering deals by headline value 2009-2014
Figure 5: Top Abbvie partnering deals by headline value 2009-2014
Source: Current Agreements, 2014
Our report provides more detailed insight into the details of each deal. See: Report: Partnering Agreements with Abbvie 2009-2014
Abbvie partnering at Current Agreements
View all partnering deals for Abbvie: 2014 | 2013 | 2012 | 2011
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Summary profile data for Abbvie
Partnering interests for Abbvie
Available reports from Current Partnering
Report: Partnering Agreements with Abbvie 2009-2014
Report: Top 50 Big Pharma Partnering and M&A Deal Trends
Available resources for deal coverage for Abbvie
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Report: Licensing Terms and Agreements in Pharma, Biotech and Diagnostics
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