“We have indicated that we’ll be returning to robust revenue growth, despite the headwinds from Medicare Part D redesign and continued Humira erosion.”

In context

“the line of Terence Flynn from Morgan Stanley. Please go ahead. Terence Flynn: Great. Thanks for taking the question and congrats, Rob, on the CEO position. Looking forward to the forward here. The question I had is, last quarter you guys gave some early commentary on how to think about 2025, looking at the business, obviously, momentum in immunology, some headwinds in aesthetics. So any update on how you’re thinking about the 2025 outlook, particularly, growth for revenue relative to EPS? Thanks. Scott Reents: Thanks, Terence. This is Scott. I’ll handle the question. So, with respect to 2025, as you know, we haven’t given guidance yet and we’ll provide that at a later time. But we have communicated a few top-level, high-level items to put in context of several dynamics at play next year. We have indicated that we’ll be returning to robust revenue growth, despite the headwinds from Medicare Part D redesign and continued Humira erosion. And when you think about robust growth, we characterize robust growth to be above industry average growth, which we see in the low-single digits. So when you think about the drivers, I mentioned in my remarks that we have $6 billion of growth from the growth platform in 2024 that we’re expecting. $5 billion of that is coming from Skyrizi and Rinvoq alone, our neuros franchise is growing by more than $1 billion and aesthetics has begun to recover from the economic headwinds. In 2025, we see incremental contributions from Skyrizi UC, which was recently approved, as well as 951. All these factors demonstrate strong momentum in the business. And then when you think about the offset of Humira, that erosion that we have expected this year at $4.5 billion. Last year that erosion was $6.5 billion”