Pharma BD Deal Intelligence

AbbVie Inc. / Allergan plc

2019 · Acquisition/Merger · $63.0B · Complete

CALLED IT — OFF BY 0

AbbVie grew from $33B to $56B revenue; Allergan Aesthetics + Skyrizi/Rinvoq offset Humira

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Top 10 largest deals of the 2010s

Ranks computed across 828 graded deals (Critic + Outcome Score both present).

The coverage arc

Jun 25, 2019 AbbVie/Allergan Announcement Press Release (PR Newswire) Neutral

AbbVie Inc. and Allergan plc today announced that the companies have entered into a definitive transaction agreement under which AbbVie will acquire Allergan…

May 12, 2020 Pharmaceutical Technology Neutral

Following divestitures in January, the FTC approved AbbVie's acquisition on May 5, and only one day later the High Court of Ireland also sanctioned the deal.…

Feb 04, 2026 AbbVie FY2025 Full-Year & Q4 Financial Results (AbbVie IR) Bullish

FY2025: Vraylar $3.621B; Botox Therapeutic $3.769B; Aesthetics Portfolio $4.860B (-6.1%); Botox Cosmetic $2.602B; total company $61.160B (+8.6%).

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AbbVie acquired Allergan in a $63 billion cash-and-stock transaction, diversifying its portfolio beyond Humira into aesthetics (Botox), neuroscience, and eye care, creating a combined revenue base of approximately $50 billion.

Did it work? Outcome assessment

AbbVie grew from $33B to $56B revenue; Allergan Aesthetics + Skyrizi/Rinvoq offset Humira

Strategic verdict
Achieved Stated Rationale

Key facts

Related deals — scored

DealYearValueOutcome
AbbVie Inc. / Allergan plc (this deal)2019$63.0B60
AbbVie Inc. / Boehringer Ingelheim GmbH2016$2.2B95
AbbVie Inc. / Genmab A/S2020$3.9B81
AbbVie Inc. / Pharmacyclics Inc.2015$21.0B79
AbbVie Inc. / Apogee Therapeutics, Inc.2026$10.9B72
AbbVie Inc. / ImmunoGen Inc.2023$10.1B69
AbbVie Inc. / Gilgamesh Pharmaceuticals Inc.2024$2.0B64

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