AbbVie HCV Revenue Surprises Again, But Falloff Is Coming

Led by eight-week, pan-genotypic combo Mavyret, AbbVie’s HCV franchise grows despite a declining US market that has taken a toll on competitors Gilead and Merck. Still, AbbVie expects a falloff in the third quarter.

Business Balance - A businessman carrying paperwork walking over a tight rope.

As AbbVie Inc. continues to report Humira growth and investors continue to worry about biosimilar competition, the Chicago-area pharma offered a surprise when it presented its second quarter earnings: a better-than-expected performance for the hepatitis C franchise, bringing it on par with rival Gilead Sciences Inc..

Overviewing its second quarter financials July 27, AbbVie reported that its HCV franchise, led by Mavyret (glecaprevir/pibrentasvir), yielded global sales...

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