ability is excluded from on-going operations as discussed
below and in Q&A answer 5.
2) 2009 Net Earnings Excluding Specified Items excludes an after-tax
gain of $505, or $0.32 per share, relating to the derecognition of
a contingent liability that was recorded in connection with the
conclusion of the TAP joint venture. This was partially offset
by $60, or $0.04 per share, relating to costs associated with the
acquisition of Advanced Medical Optics (AMO), $41, or $0.02, per
share for a litigation settlement and $107, or $0.07 per share,
for cost reduction initiatives and costs associated with a delayed
product launch.
2008 Net Earnings Excluding Specified Items excludes after-tax charges
of $37, or $0.02 per share, for cost reduction initiatives and other,
$15, or $0.01 per share, for acquired in-process research &
development related to a molecular diagnostic technology investment
and $7, or $0.01 per share, for acquisition integration; partially
offset by an after-tax gain of $9, or $0.01 per share, on sales of
Boston Scientific stock.
NOTE: See attached questions and answers section for further explanation
of Consolidated Statement of Earnings line items.
n/m = Percent change is not meaningful.
Questions & Answers
Q1) What impacted the growth of pharmaceutical sales, including HUMIRA?
A1) International pharmaceutical operational sales increased 12.4 percent, excluding a 12.1 percent negative impact from exchange. Internationally, operational growth for HUMIRA was nearly 50 percent, in line with recent quarters, and in line with our expectations. However, there was a 20-percentage point negative impact of exchange on international HUMIRA sales, which was more unfavorable than our original estimate. Interna
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Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Related medicine news :1.
Abbott Initiates U.S. Study of Absolute Pro(TM) Peripheral Stent System for Iliac Artery Disease2.
Abbott Hosts Conference Call for First-Quarter Earnings3.
Abbott Launches VOYAGER(TM) NC Coronary Balloon Catheter4.
Abbott to Present at Cowen Annual Health Care Conference5.
Abbott Announces Required Offer to Repurchase Convertible Senior Subordinated Notes of Its AMO Subsidiary6.
Abbott Completes Acquisition of Advanced Medical Optics7.
Abbott Opens New Pediatric Nutrition Manufacturing Facility in Singapore8.
Abbott Successfully Completes Tender Offer for Shares of Advanced Medical Optics9.
Abbott Receives European Commission Clearance on Acquisition of Advanced Medical Optics10.
Abbott Receives FDA Clearance for New CELL-DYN(R) Emerald(TM) Hematology Instrument11.
Abbott Acquisition of Advanced Medical Optics Clears U.S. Antitrust Review