AbbVie Boosts FY24 Outlook - Update

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AbbVie Boosts FY24 Outlook - Update

(RTTNews) - While reporting financial results for the second quarter on Thursday, biopharmaceutical company AbbVie, Inc. (ABBV) raised its adjusted earnings guidance for the full-year 2024.

For fiscal 2024, AbbVie now projects adjusted earnings in a range of $10.71 to $10.91 per share, which includes an unfavorable impact of $0.60 per share related to acquired IPR&D and milestones expense incurred year-to-date through the second quarter 2024.

However, the adjusted earnings guidance excludes any impact from acquired IPR&D and milestones that may be incurred beyond the second quarter of 2024, as both cannot be reliably forecasted.

Previously, the company expected adjusted earnings in the range of $10.61 to $10.81 per share.

On average, 20 analysts polled by Thomson Reuters expect the company to report earnings of $9.93 per share for the year. Analysts' estimates typically exclude special items.

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टैग: ABBV
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AbbVie Seeking FDA And EMA Approval For Upadacitinib In Giant Cell Arteritis

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AbbVie Says New Weight-based Oral Solution RINVOQ LQ Now Available As Option For Pediatric Patients

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AbbVie, Inc. (ABBV) announced Tuesday that its board of directors has unanimously selected Robert Michael, AbbVie's current president and chief operating officer, to succeed Richard Gonzalez as the company's chief executive officer.
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AbbVie To Acquire ImmunoGen For $31.26/shre In All-cash Deal Of About $10.1 Bln

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AbbVie Inc. (ABBV) and ImmunoGen, Inc. (IMGN) announced Thursday AbbVie will acquire ImmunoGen, and its flagship cancer therapy ELAHERE (mirvetuximab soravtansine-gynx), a first-in-class antibody-drug conjugate (ADC) approved for platinum-resistant ovarian cancer (PROC).
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AbbVie Announces Topline Results From Phase 2 LUMINOSITY Trial Of Telisotuzumab-Vedotin

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AbbVie Says Phase 3 CANOVA Trial Fails To Meet Primary Endpoint

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AbbVie Reports Top-line Results From Phase 3 SEQUENCE Clinical Trial Of Risankizumab

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Biopharmaceutical company AbbVie, Inc. (ABBV) announced Tuesday top-line results from the Phase 3 SEQUENCE clinical trial evaluating risankizumab (SKYRIZI, 600 mg intravenous [IV] induction at week 0, 4 and 8 and 360 mg subcutaneous injection [SC] starting at week 12 and every 8 weeks thereafter) versus ustekinumab (STELARA, IV dose at week 0 and 90 mg SC every 8 weeks thereafter) through week 48 in patients with moderately to severely active Crohn's disease who have failed one or more anti-TNFs.
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