Abbott Picks AbbVie as Name for Pharmaceutical Spinoff
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Abbott Laboratories, the drug and medical-device company that plans to split in two, said its pharmaceutical spinoff will be called AbbVie and will debut by the end of the year.
Abbott, which makes the autoimmune treatment Humira, artery-clearing heart stents and nutritional drinks, announced the name in a statement today. Richard Gonzalez will lead the drugs business, the Abbott Park, Illinois-based company has already said.