CLAIM #2545 · AbbVie Inc (ABBV) · 2025Q1 earnings call · Apr 25, 2025 · due Dec 31, 2029
“AbbVie has a clear runway to growth for at least the next eight years, including a high single digit revenue CAGR through 2029.”
Rob Michael · CEO
How to check this claim
Look at: Total net revenues compound annual growth rate (CAGR) from FY2024 base through FY2029
It came true if: CAGR >= 7% (high single digit, roughly 7-9%)
Where: AbbVie annual income statement (10-K) revenue figures FY2024 and FY2029
In context
“ncer. We also continue to add depth to our pipeline with strategic transactions that can help drive growth in the next decade. This includes the recent acquisition of Nimble Therapeutics to expand our immunology portfolio with oral peptides as well as the license agreement with Gubra to develop an amylin analog for the treatment of obesity. Obesity represents a significant global health concern with high unmet need. This market will continue to evolve with improved offerings, and we believe our program with Gubra has the potential to deliver a differentiated asset. Going forward, we plan to invest further in obesity along with other opportunities across our existing five key growth areas. In summary, the fundamentals of our business are strong and we are well positioned for the long term. AbbVie has a clear runway to growth for at least the next eight years, including a high single digit revenue CAGR through 2029. With that, I'll turn the call over to Jeff for additional comments on our commercial highlights. Jeff? Jeff Stewart: Thank you, Rob. I'll start with the quarterly results for immunology, which delivered total revenues of more than $6.2 billion exceeding our expectations. Skyrizi and Rinvoq are performing exceptionally well, contributing $5.1 billion in combined sales this quarter, reflecting growth of more than 65%. I'm especially encouraged with our portfolio performance across IBD, where Skyrizi and Rinvoq continue to capture significant share given their efficacy, safety and dosing profiles. In Crohn's disease, which is roughly two thirds of the overall IBD market, these two treatments together are capturing roughly one out of every two in play patients in the US and total prescription”
Verify independently
SEC filings for ABBV ↗ · Claim quote is verbatim from the 2025Q1 earnings call.