Abbvie plans to lift $2 billion cap on deals – WSJ

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CEO Richard Gonzalez said the company now has the ability “to do more,” in an interview with the WSJ that was published Monday.

The comments come at a time when the drugmaker is starting to face US competition for its blockbuster rheumatoid arthritis drug, Humira, a key revenue driver for years.

The company did not immediately respond to a Reuters request for comment.

Abbvie is hoping to replace the loss of revenue from Humira through its newer immunology drugs Skyrizi and Rinvoqn, and has forecast sales of more than $21 billion from the two products in 2027.

(Reporting by Nandhini Srinivasan in Bengaluru; Editing by Shinjini Ganguli)

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