Broader Botox label will help AbbVie defend revenue decline
AbbVie (NYSE: ABBV) has picked up a twelfth indication for Botox (onabotulinumtoxinA), opening a new revenue stream in the therapeutic and cosmetic workhorse’s sunset years.
The US regulator has approved Botox as a second-line treatment for bladder muscle overactivity, associated with a neurologic condition, in certain children over the age of five.
Despite increasing levels of generic competition, Botox continues to hold out against rival options to a significant extent, bringing in billions of dollars in annual revenues.
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