Humira on its own, generates more revenue than most of the companies in the S&P 500. Did you notice Trump throws out Pfizer and Novartis but NEVER mentions AbbVie or Humira? At some point Trumps going to have address his friend Rick, whom he sold $10m condo in Trump Towers. The fix was in but consumer and FDA pressure along with Trumps yapping will force Donny to turn on Rick.
Rova T Crash And Burn
- Thread starter anonymous
- Start date
-
- Tags
- None
Maybe. I heard other people in the C-Suite have secret deals that may broaden this list.
I don't believe Rick has any connection to Trump. AbbVie is in big trouble. Sec. Azar sees through the Humira tactics. Going after Remicade and Humira next.
AbbVie shares fall after California insurance regulator sues company over alleged kickbacks
- AbbVie shares fell almost 3 percent on Tuesday following a lawsuit by the California Department of Insurance alleging that the pharmaceutical company gave health-care providers kickbacks to prescribe its arthritis drug Humira.
- The allegations were brought to the attention of the department by a whistleblower.
Published 20 Hours Ago Updated 19 Hours AgoCNBC.com
JB Reed | Bloomberg | Getty Images
Humira, the injectable rheumatoid arthritis treatment is pictured in a pharmacy in Cambridge, Massachusetts.
AbbVie shares fell almost 3 percent on Tuesday after the California Department of Insurance sued the pharmaceutical company for allegedly giving health-care providers kickbacks for prescribing its arthritis drug Humira.
The suit alleges that AbbVie provided cash, trips and other gifts to health-care providers as incentives to prescribe the drug. The company allegedly also provided additional professional services, such as free insurance processing and marketing assistance.
The scheme was pulled off by a group of registered nurses known as Abbvie Nurse Ambassadors, who are sent into patients' homes after they are prescribed Humira and were trained to downplay potential risks of the drug, according to the suit.
The company "only provides the Ambassadors as long as the physicians continue to prescribe AbbVie's drug instead of selecting another course of treatment," according to the California Department of Insurance.
AbbVie spokeswoman Adelle Infante said in a statement that the allegations had no merit.
"AbbVie provides a number of support services for patients, once they are prescribed Humira, that both educate and assist patients with their therapy, including nursing support, and these resources are beneficial to patients dealing with a chronic condition," Infante said. "They in no way replace or interfere with interactions between patients and their healthcare providers."
The allegations were brought to the attention of the department by Lazaro Suarez, who was employed as an AbbVie Nurse Ambassador in Florida.
According to the lawsuit, private insurers have paid out $1.2 billion in pharmacy claims for Humira, which would make the case the largest instance of insurance fraud in the history of the California regulator.
My friend, why is one of the biggest selling blockbuster drugs in history not being mentioned like Pfizer Novartis Merck ect.? Also, Trumps trying to tweak what Medicare pays for Part B to be more in line with what the private sector Part D pays. Humira and Amgen’s Enbrel are covered under Part D while JNJs Remicade is under Part B. You’re pissing off heavy hitters here and I applaude it.
The patients on the Rove (no one at the Stem calls it rova-t, posers) will continue to be beaten until responses improve, is that understood? It will work, but you.must believe it.
David stevenson out
David stevenson out
Hey dave
No one here cares about rovatish, it is pretty well known that its garbage. We are talking about how Rick is stealing from everyday americans with humira.
No one here cares about rovatish, it is pretty well known that its garbage. We are talking about how Rick is stealing from everyday americans with humira.
Stealing what: Their money or their health and well-being? Hint: it’s a trick question.
Now Gonzalez is spinning the 5.8 billion loss magically claiming only a 4 billion impairment?
The stock held its ground (for now) because Gonzalez finally partially lied again fessed up.
Why did Richard slice 1.8 billion off Abbvies loss? Because this dudes a slick professional liar.
Hell, Rick’s loss of $5.8B could have funded most of our border wall now called a metal fence. Funny, but damn SAD! Instead, shareholders are out over $30B with market cap loss and guess where the $5.8B went? To the very rich Peter Thiel AKA PayPal founder and his Founders Fund. God Bless America. The Rich get richer. Follow the money trail. Rick needs to be let go immediately.
Another week, another pipeline failure for AbbVie. Good job by Ricky and Mikey. Our leadership sucks. No way forward after Humira.
This is an insult to Leadership!! Shame on you !! Our Leaders do fantastic job. Our pipeline is in great shape!! Got back in yur basement junior!!
You have no clue Bucky. They have thrown away billions...
This is right. The only thing our leadership has done right is build the patent thicket around Humira so we can keep raising the price. The pipeline has evaporated. This company is out of business in 3 years or merging.
AbbVie is going to have to buy another company because outside of Humira, we don’t have anything except employees.
Humira on its own generates in reverse now. All down hill from here.