CLAIM #2531 · AbbVie Inc (ABBV) · 2024Q4 earnings call · Jan 31, 2025 · due Dec 31, 2032
“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.”
Rob Michael · CEO
How to check this claim
Look at: Annual revenue growth rate of Rinvoq vs Skyrizi (AbbVie-reported product sales), 2028-2032
It came true if: Rinvoq's compound annual growth rate over the period exceeds Skyrizi's CAGR, with both maintaining positive annual growth through 2032
Where: AbbVie quarterly/annual reports - product revenue disclosures (10-K/10-Q segment data)
In context
“lion 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 drivers are for the remaining value, assuming Tavapadon is mostly it, but wasn't sure what you'd assume for Emraclidine or backup compounds? And then, just on aesthetics, with the new guidance to 2029, is it fair to say that you think '25 could be the trough or have already seen a trough in terms of the growth rate? I'm just trying to think of the longer term picture. And then, just on BoNT/E, I wanted to get your pe”
Verify independently
SEC filings for ABBV ↗ · Claim quote is verbatim from the 2024Q4 earnings call.