With a 31.3% sales decrease on the year in Europe, Humira's steep decline and expected stabilization abroad at about two-thirds market share has given AbbVie hope that the U.S. falloff won't be as bad previously expected, Gonzalez told investors during an earnings call in early February. He appeared alongside Vince Vaughn in the cult classic, Old School. Biosimilars launched in Europe in late 2018, meaning 2019 was the first full year of competition for the drug. Richard A. Gonzalez is Chairman of the Board and Chief Executive Officer of AbbVie, a global biopharmaceutical company that employs approximately 47,000 people worldwide and markets medicines in more than 175 countries. Ranking at No. On the day he was born. Richard A. Gonzalez holds the position of Chairman & Chief Executive Officer of AbbVie, Inc. Rinvoq, which hit the market later in August, had gained about 9% of the “in-play” share, Gonzalez said. "I’m feeling pretty good about how the strategy played out," Gonzalez told analysts. Rick Gonzalez’s net worth for 2020, estimated earnings, and income is currently under review. Discover fun facts and what happened on June 30, 1979. See our latest analysis for AbbVie Company Participants. AbbVie CEO Gonzalez secured $21.6M in year marked by megamerger, Humira decline, AbbVie had a busy year in 2019 as it looked to close a $63 billion merger with Allergan while dealing with a sales decline for, Humira abroad. Worldwide, the drug pulled in $19.17 billion, a 4% decline. It's possible, AbbVie CEO says, Pfizer kisses adjuvant hopes goodbye with second Ibrance failure, Lilly's Olumiant rolls out data backing COVID-19 emergency use. Use a + to require a term in results and - to In vitro biochemical assays make the high throughput screening of large compound libraries possible – but without a strong hit-to-lead process, time and money are often wasted seeking out the most promising starting points. Gonzalez, AbbVie's helmsman since its launch in 2013, netted $21.61 million in total pay in 2019, a modest increase from the $21.28 million he secured in 2018, according to a proxy filing. NOTE: Rick Gonzalez net worth, age and other information contributed by fans and/or is of public domain. Join us to learn best practices for triaging hits & focusing efforts. Rinvoq sales were slightly lower than expected, but Gonzalez said an uptick in market access in January would likely translate into a big bump in sales in the current quarter. Please contact us if you see a mistake or have an updated celebrity net worth information. This analysis will also look to assess whether the CEO is appropriately paid, considering recent earnings growth and investor returns for AbbVie. But that's just the start: Over time, Rinvoq and Skyrizi “will have all of the major indications that Humira has when fully built out, plus one that Humira doesn’t have, which is atopic dermatitis,” Gonzalez said, throwing down a gauntlet to Sanofi and Regeneron, who have $10 billion hopes for their entry in that field, Dupixent. 7 on FiercePharma's list of the top 20 highest paid execs in biopharma in 2018, Gonzalez oversaw a hectic 12 months at AbbVie that included arranging the pending merger with Allergan, shepherding two potential blockbusters––psoriasis med Skyrizi and rheumatoid arthritis drug Rinvoq––to market, and handling the sales decline of Humira abroad. (AbbVie), Hit-to-Lead Optimization Strategy in Drug Discovery: Life Sciences, Drug Discovery & Development, Preclinical. Discover related celebrities and other trending stories below. If something is missing, please check back soon or let us know. Prior to AbbVie’s separation from Abbott in January 2013, Mr. Gonzalez was a 30-year Abbott veteran. "Our strategy was to make sure that we could maintain as much share as possible and maintain it as profitable as possible. © 2020 Questex LLC. Despite the small bump in pay, AbbVie said Gonzalez hit the company's internal marks for the year, including driving long-term business goals, advancing mid- and late-stage pipeline assets, driving employee engagement and helping AbbVie "advance our transformation to a biopharmaceutical culture. Gonzalez secured $21.6 billion in total pay in 2019, slightly higher than the year before. Last week, AbbVie and Allergan signed an FTC consent decree to divest late-stage gastrointestinal candidate brazikumab and two pancreatic replacement enzymes in a move to ease antitrust concerns. Enclose phrases in quotes. This post is often updated with new information on Rick Gonzalez’s estimated income, salary and earnings. This article will reflect on the compensation paid to Rick Gonzalez who has served as CEO of AbbVie Inc. since 2013. Despite his wheeling and dealing––and the potential for a bright future ahead––that busy year didn't translate to a big pay bump for CEO Rick Gonzalez. exclude terms. Eli LIlly's Olumiant added to antiviral remdesivir cut COVID-19 patients' time to recovery from eight to seven days over remdesivir alone. He is also Member of The Commercial Club of Chicago. Meanwhile, AbbVie has had to contend with the declining sales in Europe of immunology med Humira, the world's bestselling drug that faced biosimilar challenges for the first time in 2019. He served as President and Chief Operating Officer of Abbott … Rinvoq and Skryrizi sales reached $33 million and $216 million in the fourth quarter, respectively. RELATED: AbbVie touts Humira defense strategy abroad as a positive sign for forthcoming U.S. battle. There’s “no saving adjuvant for Ibrance,” SVB Leerink analyst Geoffrey Porges wrote in a Friday note to clients. As of 2020, Rick Gonzalez’s net worth is. AbbVie had a busy year in 2019 as it looked to close a $63 billion merger with Allergan while dealing with a sales decline for megablockbuster Humira abroad. How much is Rick Gonzalez worth now? 3 Speen Street, Suite 300, Framingham, MA 01701. So how much is Rick Gonzalez worth? DETAILS BELOW. Read the full breakdown of how rich is Rick Gonzalez at CelebsMoney and see interesting facts about Rick Gonzalez’s age and zodiac sign at CelebsAges. Rick Gonzalez Net Worth: Salary & Earnings for 2019-2020, Scott Zolak Net Worth: Salary & Earnings for 2019-2020, Zwariowani Net Worth: Salary & Earnings for 2019-2020, Eddy Zillan Net Worth: Salary & Earnings for 2019-2020. Rick Gonzalez’s life path number is 8. 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