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Strong pharma growth driven by Humira
July 21, 2010
By: Tim Wright
Editor-in-Chief, Contract Pharma
Abbott Laboratories 2Q10 2Q Revenues: $8.8 billion (+18%) 2Q Earnings: $1.3 billion (flat) YTD Revenues: $16.6 billion (+16%) YTD Earnings: $2.3 billion (-16%) Comments: Pharma sales were $4.9 billion (+25%) in 2Q10, boosted by a favorable exchange rate and revenues from Solvay Pharmaceuticals. YTD pharma revenues were up 19% to $9.0 billion. Humira continued its meteoric rise, posting 22% growth in 2Q10 and 28% for YTD, to $1.6 billion and $3.0 billion, respectively. Kaletra reve...
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