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CLAIM #2529 · AbbVie Inc (ABBV) · 2024Q4 earnings call · Jan 31, 2025 · due Dec 31, 2027

We would expect to see these markets continue to grow. We would also expect to see continued share gains, albeit as you start getting close to that in place share level, the share curve bends, but you still expect to see some level of share growth.

Rob Michael · CEO

PENDING
graded after results covering Dec 31, 2027 are reported

How to check this claim

Look at: Combined Skyrizi and Rinvoq net revenue growth year-over-year

It came true if: Combined Skyrizi + Rinvoq net revenue for FY2027 higher than FY2026 reported figure

Where: AbbVie quarterly/annual income statement and product revenue disclosures (10-K / earnings release)

In context

f see those where the growth is coming from as well. Rob Michael: And if we speak to it in terms of the $4 billion, just to give you a sense then, to add to what just Scott mentioned. So, Skyrizi is up $3 billion. A billion of that is psoriatic and $2 billion is IBD. We're just seeing tremendous ramps early days with IBD. And then, for Rinvoq, it's up a billion from the previous guidance. And that's a mix of roughly $300 million rheum, $200 million derm, and $500 million IBD. So, again, across the board, we're seeing tremendous performance, particularly in IBD. And then, your question on how to think about the growth, we have obviously given guidance beyond '27. But as I look at the sell side consensus, clearly the growth that's in sell side consensus beyond '27 is below our expectations. We would expect to see these markets continue to grow. We would also expect to see continued share gains, albeit as you start getting close to that in place share level, the share curve bends, but you still expect to see some level of share growth. And then, keep in mind, we will have the five, we expect the five new indications for Rinvoq, collectively adding about $2 billion in peak sales and so that will also contribute. So, as I think about the rate of growth for Skyrizi and Rinvoq beyond '27, Rinvoq will likely grow faster than Skyrizi because of those new indications, but you'll still see a robust performance from both assets, at least through '32. Liz Shea: Thanks, Chris. Operator, next question please. Operator: Our next question comes from Geoff Meacham with Citigroup. Your line is open. Geoff Meacham: Hey, guys. Good morning. Thanks so much for the question. Just had a couple, first one on Cerevel, you guys called out the partial impairment today in the press release. Just want to get your perspective as to what the driver

Verify independently

SEC filings for ABBV · Claim quote is verbatim from the 2024Q4 earnings call.