Record-Breaking Revenue and Growth
AbbVie delivered adjusted earnings per share of $2.97, which is $0.11 above guidance. Total net revenues were $15.4 billion, exceeding expectations by more than $400 million. The company raised full year revenue guidance by $1.5 billion since the start of the year.
Strong Performance from Ex-HUMIRA Platform
Sales growth of 22% from the ex-HUMIRA platform, driven by Skyrizi and Rinvoq, with a combined sales target of over $25 billion for the year. Skyrizi's global sales were $4.4 billion, up 61.8%, and Rinvoq's sales were $2 billion, up 41.2%.
Neuroscience Segment Growth
Neuroscience total revenues were approximately $2.7 billion, up 24%. Vraylar's sales were $900 million, up 16.3%, and QULIPTA's sales were $267 million, up 76.9%.
Advancements in R&D Pipeline
FDA approval of Rinvoq for GCA and positive Phase III results in alopecia areata. The company announced a deal with Capstan Therapeutics for an in vivo CAR-T platform.