Form 8-K · Current Report · Filed 2024-07-03
AbbVie Inc. Reports Unfavorable Impact on Earnings Due to Acquired IPR&D and Milestones Expense
AbbVie Inc. announced that its second quarter of 2024 GAAP and non-GAAP earnings are expected to include an unfavorable impact of $0.52 per share due to acquired IPR&D and milestones expense of $937 million. The company's full-year 2024 adjusted diluted earnings per share guidance, including the impact of the second quarter expense, is updated to a range of $10.61 - $10.81. The preliminary earnings results are subject to finalization, and the company cautions that actual results may differ. This information is detailed in Exhibit 99.1, which provides the updated financial guidance.
- Filer
- AbbVie Inc. ABBV · NYSE
- Filed
- Accession
- 0001551152-24-000024
- CIK
- 0001551152
- Signal
- High impactHealthcare
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$165.96
Next session
+0.8%
Since filing
+51.2%
Latest close
$250.94
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from ABBV reporting the same item, with the next session's move:
Exhibits (1)
About AbbVie Inc.
AbbVie Inc. is a prominent biopharmaceutical company that focuses on developing innovative therapies addressing some of the world's most challenging diseases. Originating from a 2013 spinoff of Abbott Laboratories, AbbVie is dedicated to the research and production of pharmaceutical products designed to improve patient outcomes globally. With a robust portfolio, the company specializes in treatments for autoimmune conditions, infectious diseases, oncology, and ophthalmology. Among its flagship products is Humira, widely used for rheumatoid arthritis and inflammatory conditions, which has established AbbVie as a leader in this therapeutic area. The company also invests heavily in research and development, resulting in a pipeline of promising drugs designed to cater to unmet medical needs. AbbVie operates in North America and international markets, serving healthcare providers, researchers, and patients. Its commitment to scientific innovation and high-quality manufacturing standards has positioned it as an influential entity in the healthcare and pharmaceuticals sector.
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