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Good morning, everyone. Damian here with a look at the legacy of a pharma CEO, yet more biotech layoffs, and a reprieve from the GLP-1 panic.
How will we remember Humira?
For the last decade, AbbVie CEO Richard Gonzalez has presided over the drug industry’s most enviable cash cow, making billions in sales on the autoimmune treatment Humira despite the expiration of the drug’s core patents. With Gonzalez now slated to step down, what will the industry remember: the lucrative returns or the unceasing controversy?
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