January 25, 2019 / 2:45 PM / 6 months ago

AbbVie not contemplating big deals - CEO

Jan 25 (Reuters) - AbbVie Inc is not considering a big merger or an acquisition, Chief Executive Officer Richard Gonzalez said on Friday, allaying speculations of the company launching a bid for Bristol-Myers Squibb.

“As far as the appetite for a big deal, I can tell you that is not something that we are contemplating,” Gonzalez said in a conference call with analysts.

Analysts and investors have been questioning whether AbbVie could bid for Bristol-Myers, which earlier this month announced plans to purchase Celgene Corp for about $74 billion. (Reporting by Saumya Sibi Joseph in Bengaluru; Editing by Arun Koyyur)

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