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The company employs approximately 91, 000 markets and people its products in more than 130 countries.. Abbott selects AbbVie as brand-new name for upcoming research-based pharmaceutical company Abbott announced that AbbVie [pronounced Abb-vee] will be the name of the new, independent research-based pharmaceutical business it expects to start by the end of 2012. The naming of the new company may be the latest milestone along the way that began in October 2011, when Abbott announced it could distinct into two publicly exchanged companies, one in diversified medical products and the various other in research-centered pharmaceuticals. AbbVie, the research-based pharmaceutical company, includes Abbott’s current portfolio of leading proprietary pharmaceuticals and biologics.