CLAIM #2430 · AbbVie Inc (ABBV) · 2024Q2 earnings call · Jul 25, 2024 · due Dec 31, 2029
“We remain very confident in our ability to hit that $9 billion in 2029.”
Scott Reents · CFO
How to check this claim
Look at: Total Aesthetics segment revenue, fiscal year
It came true if: Fiscal year 2029 Aesthetics revenue >= $9 billion
Where: Company financial disclosures (10-K segment reporting / Q4 2029 earnings release)
In context
“for 2027, 2028 and 2029 on our calculations. Just what here makes you confident about that level of growth later in the decade? And then secondly, just following up on some of your thoughts on the immunology pipeline, you noted the potential of the utility of multispecifics in immunology. You’ve got a pretty strong bispecific platform. Just what are your thoughts on the data that you’re seeing here? Is there anything in development that we should be looking at? Thank you. Scott Reents: Trung, this is Scott. I’ll start with your question regarding the long-term guidance on aesthetics. So you’re right. We’ve guided to a long-term $9 billion in 2029 and we’re not changing that guidance. The guidance changed, as you noted, that I mentioned today is just a short-term guidance change for 2024. We remain very confident in our ability to hit that $9 billion in 2029. When you think about these markets, there’s very low penetration in the markets globally. There’s a lot of excitement in the space and we expect the market to recover and grow at historical rates. I would say when we look at the market growth, we do see that rebounding and growing well. And then you also should think about there’s additional innovation coming that will drive that. So, we have some of the additional indications in Botox that Roopal walked through, as well as the quick onset short-acting toxin BoNT/E that will also drive additional market growth. And so we continue to feel very comfortable with our ability to achieve that on a long-term basis in 2029. Roopal Thakkar: Trung, it’s Roopal. I’ll take the next question on the pipeline. So, we continue to be excited about bispeci”
Verify independently
SEC filings for ABBV ↗ · Claim quote is verbatim from the 2024Q2 earnings call.