AbbVie Inc.
AbbVie Announces Fourth-Quarter and Full-Year 2024 Earnings Guidance Including Acquired IPR&D and Milestones Expense
Summary
AbbVie Inc. announced its preliminary fourth-quarter and full-year 2024 earnings guidance, which includes an unfavorable impact of $1.6 billion in acquired IPR&D and milestones expense, resulting in a $0.88 reduction to both GAAP and non-GAAP diluted earnings per share. The full-year 2024 adjusted diluted earnings per share guidance range is $10.02 - $10.06, and the fourth quarter 2024 adjusted diluted earnings per share guidance range is $2.06 - $2.10. This information is furnished as Exhibit 99.1 to the Current Report on Form 8-K.
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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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