North Chicago-based AbbVie’s revenue tumbles as its blockbuster drug Humira faces competition

AbbVie was able to hold off competition for Humira for years through patent litigation and settlements with other drugmakers

Revenue at North Chicago-based AbbVie dove by nearly 10% during the first few months of this year — a drop that comes as its best-selling drug Humira faces competition for the first time in the U.S.

Humira is used to treat rheumatoid arthritis, Crohn’s disease, ulcerative colitis and other conditions. It has been AbbVie’s top-selling drug, and one of the most popular prescription drugs in the world.with other drugmakers. AbbVie built up more than 130 patents around Humira, and then sued the makers of copycat versions of the drug for patent infringement.

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