Countdown To The Allergan Merger, And More From AbbVie’s Q4 Earnings

 
• By Joseph Haas
  
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Despite Humira’s ex-US sales erosion, AbbVie reports strong launches for Skyrizi and Rinvoq, continued growth for hematological oncology franchise, and boasts it has a thriving R&D engine.

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Sales are soaring for recent AbbVie launches like Skyrizi, Imbruvica and Venclexta

AbbVie Inc.’s most pressing issue is of course the pending merger with Allergan PLC – valued at $63bn and expected to close before the end of the first quarter. While the topic was not front and center for AbbVie’s earnings call on 7 February, CEO Rick Gonzalez did use the occasion to remind investors about the diversification and synergies it expects from the transaction – and to underscore the strong foundations AbbVie has laid for future growth.

Detailing its sales and earnings from both the fourth quarter and full year 2019, AbbVie reported that its top-seller Humira...

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