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CLAIM #2540 · AbbVie Inc (ABBV) · 2024Q4 earnings call · Jan 31, 2025 · due Dec 31, 2029

If you do the math on that range, that is something above $7 billion, a little bit north of $7 billion, depending on where it falls within that high single-digit range.

Scott Reents · CFO

PENDING
graded after results covering Dec 31, 2029 are reported

How to check this claim

Look at: Aesthetics segment revenue, fiscal year 2029

It came true if: FY2029 aesthetics revenue between $7.0 billion and $7.5 billion (consistent with high single-digit CAGR 2025-2029 off the 2025 base)

Where: Company segment revenue disclosure (10-K / Q4 earnings release)

In context

ption. And so, that's encouraging, because if you remember that Part D sort of had the lead in where the cap moved down to roughly $33,000, $34,000, it'll sequentially move down more to $2,000 with the smoothing next year, which is a good policy, because it's encouraging to see that the change in benefit design makes people stay on their cancer medication a bit longer. Again, the volume will be more modest than the price hit, as Rob and Scott described it. But that's the dynamics that we're seeing in the channels. Scott Reents: And to answer your question regarding the aesthetics guidance, I'll reinforce maybe what I said earlier and Rob as well. So, when we look at that guidance, that long-term guidance is calling for high single-digit CAGR '25 through '29, so using '25 as the base here. If you do the math on that range, that is something above $7 billion, a little bit north of $7 billion, depending on where it falls within that high single-digit range. So, that's why we've specifically given the range on the high single-digit. The market growth that we've seen historically has been low double-digits, but we're seeing that market we're modeling for now, high single-digit growth during the time period that we've given this long-term guidance. And so, I think that answers your specific questions. Steve Scala: Thank you very much. Liz Shea: Thanks, Steve. Operator, next question please. Operator: The next question comes from Tim Anderson with Bank of America. Your line is open. Tim Anderson: Thank you. A couple of questions, please. On aesthetics, a question I've asked before, what are your expectations for how obesity drugs are going to impact this business? You could argue that the surge in use of products, the GRIP ones, could be either

Verify independently

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