CLAIM #2482 · AbbVie Inc (ABBV) · 2024Q4 earnings call · Jan 31, 2025 · due Dec 31, 2027
“as well as the potential for five new indications for Rinvoq over the next few years.”
Rob Michael · CEO
How to check this claim
Look at: Cumulative number of new indications (regulatory approvals) granted for Rinvoq
It came true if: >= 5 new indications approved for Rinvoq
Where: Company press releases / 10-K pipeline disclosures on Rinvoq regulatory approvals
In context
“anticipate a substantial portion of this growth will be driven by robust performance from Skyrizi and Rinvoq to assets are expected to collectively generate nearly $24 billion of revenue in 2025, reflecting growth of more than $6 billion. Based on this strong momentum, we now expect Skyrizi and Rinvoq to exceed more than $31 billion of combined sales in 2027, which is $4 billion above the guidance we provided last year. We are seeing strong performance across all of their approved indications, especially in IBD. And we see several tailwinds that will support growth into the next decade, including healthy immunology market growth, strong share capture given best-in-class profiles, continued robust market access, and momentum from new indications, such as the recent launch of Skyrizi in UC, as well as the potential for five new indications for Rinvoq over the next few years. In neuroscience, our second largest therapeutic area, we are seeing very robust performance, with sales of $10 billion expected in 2025, reflecting growth of $1 billion across psychiatry, migraine, and Parkinson's. In oncology, I am very encouraged by our long-term growth prospects. This includes our BCL-2 inhibitor, Venclexta; our FRα ADC for ovarian cancer, Elahere; our two novel c-MET ADCs for solid tumors, Teliso-V and 400, and our BCMA-CD3 bispecific for multiple myeloma 383. Lastly, while the recent performance in aesthetics has been impacted by challenging market conditions in the U.S. and China, the category remains very attractive given low penetration rates for facial injectables. When the market returns to more normalized growth, our leading commercial portfolio and forthcoming”
Verify independently
SEC filings for ABBV ↗ · Claim quote is verbatim from the 2024Q4 earnings call.