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Stock impact report

AbbVie's US$100b Drug Pricing Pact Reshapes Growth And Policy Outlook [Yahoo! Finance]

AbbVie Inc. (ABBV) 
Last abbvie inc. earnings: 5/1 07:43 am Check Earnings Report
US:NYSE Investor Relations: investors.abbvie.com/investor-overview
Company Research Source: Yahoo! Finance
AbbVie (NYSE:ABBV) announced a multi year voluntary agreement with the U.S. government to support access and affordability of medicines. The company committed $100b to U.S. based research and development and capital investments, alongside expanded manufacturing and direct to patient delivery. The agreement is tied to a broader federal policy initiative on drug pricing with potential implications for industry wide pricing and access models. AbbVie enters this agreement with the U.S. government while its shares trade at $223.01 and the company's 1 year return stands at 25.3%. Over longer periods, NYSE:ABBV has returned 71.2% over 3 years and 148.4% over 5 years. These figures illustrate why investors may closely monitor any policy related developments. The move links AbbVie's capital plans with an area of high political and public focus: drug affordability in the U.S. For you as an investor, the scale of the $100b U.S. commitment and the connection to drug pricing policy could Show less Read more
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