CLAIM #2680 · AbbVie Inc (ABBV) · 2025Q3 earnings call · Oct 31, 2025 · due Dec 31, 2027
“So as it relates to the Vraylar and Linzess negotiations, keep in mind, those prices will not take effect until 2027.”
Rob Michael · CEO
How to check this claim
Look at: Effective date of negotiated Medicare prices for Vraylar and Linzess under IRA drug price negotiation program
It came true if: Negotiated prices take effect in 2027, not 2026
Where: CMS IRA negotiated price effective dates / company guidance and 10-K disclosures
In context
“besity. And that data will also likely read out probably in Q4 of next year. So I would say a very robust number of events that we should keep our eyes on. Operator: The next question comes from Steve Scala with TD Cowen. Steve Scala: Two questions. Rob, it sounds like IRA discounts are deeper this year than last year. You said it will not impact the long-term outlook, but will it impact the outlook in 2026, which you have yet to share externally, but will it impact the numbers that you otherwise would have shared externally? Secondly, why was Rinvoq's Phase III in HS updated to complete in 2028 from 2026 previously? Was it an issue with endpoint, enrollment or something else? Robert Michael: So Steve, this is Rob. I'll take your first question, then Roopal will take your second question. So as it relates to the Vraylar and Linzess negotiations, keep in mind, those prices will not take effect until 2027. Again, as I mentioned before, we have visibility to where it's landing. It's obviously not public yet, but we're not concerned about it impacting our long-term guidance, but there's no impact in '26 because those prices do not take effect in '26. Roopal Thakkar: And Steve, it's Roopal. We still anticipate our double-blinded week 16 data at the end of next year in HS. We'll get other double-blinded cuts and then there's open-label extension. So sometimes that changes on duration, how long we follow patients could result in some updates to [ ct.gov. ] Operator: Your first question comes from Simon Baker with Rothschild & Co Redburn. Simon Baker: Two, if I may, please. Firstly, on Rinvoq in nonsegmental vitiligo. In some markets, that's up to 2% of the population. So I just wonder if you cou”
Verify independently
SEC filings for ABBV ↗ · Claim quote is verbatim from the 2025Q3 earnings call.