Breaking News, Financial News

Financial Report: Abbott

Author Image

By: Tim Wright

Editor-in-Chief, Contract Pharma

Abbott 1Q Revenues: $6.8 billion  (+14%) 1Q Earnings: $937.9 million (+35%) Comments: Growth in the quarter was driven by Humira, Niaspan and Kaletra. Humira sales were $878 million (+54%), Niaspan sales were $176 million (+24%), and Kaletra sales were $353 million (+18%). In March, Abbott and Takeda ended the TAP joint venture, splitting the assets. Abbott will have U.S. rights to Lupron, as well as cash payments for the next five years. In the quarter, the FDA approved Humira for psor...

Continue reading this story and get 24/7 access to Contract Pharma for FREE


Already a subscriber? Sign in

Keep Up With Our Content. Subscribe To Contract Pharma Newsletters