(Reuters) -AbbVie raised its 2025 profit forecast on Friday, after strong sales of newer immunology drugs Skyrizi and Rinvoq helped boost third-quarter results above Wall Street estimates.
The North Chicago-based drugmaker has been leaning on Skyrizi and Rinvoq to offset declining sales of its once best-selling arthritis treatment Humira that began facing biosimilar competition in the U.S. in 2023.
The company has poured more than $20 billion into acquisitions since then, and plans to spend another $10 billion on expanding within the United States over the next decade.
Global pharmaceutical companies are bolstering their U.S. manufacturing capacity after President Donald Trump urged the industry to make more medicines domestically rather than importing active ingredients or finished med

 104FM WIKY
 104FM WIKY

 The San Diego Union-Tribune Business
 The San Diego Union-Tribune Business Essentiallysports College Sports
 Essentiallysports College Sports Reuters US Business
 Reuters US Business Healthcare Dive
 Healthcare Dive QueensPost
 QueensPost Reuters US Economy
 Reuters US Economy America News
 America News OK Magazine
 OK Magazine NBC Bay Area Sports
 NBC Bay Area Sports Raw Story
 Raw Story