AbbVie Inc. (ABBV): Billionaire Ken Fisher admires this pharma stock

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Billionaire Ken Fisher, of Fisher Asset Management, has shown admiration for AbbVie Inc. (ABBV), a pharmaceutical giant known for its diverse portfolio, including blockbuster drugs like Humira and Skyrizi. Fisher’s firm significantly increased its stake in AbbVie in the fourth quarter of 2023, making it the 12th largest holding in their portfolio. This move signals confidence in AbbVie’s future performance despite potential challenges such as biosimilar competition for Humira.

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