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Abbott Reports 16 Percent Earnings Growth in First Quarter; Confirms Double-Digit Earnings Growth Outlook for 2009
Date:4/15/2009

(10.7) 1.8 Medical Products Core Laboratory Diagnostics $550 5.2 (10.3) (5.1) Coronary Stents $135 26.9 (8.8) 18.1 Diabetes Care $164 0.8 (14.0) (13.2) Molecular Diagnostics $33 24.4 (14.5) 9.9

Business Highlights

  • Presented Long-Term XIENCE V(R) Data at ACC: Three-year data from the SPIRIT II clinical trial of Abbott's drug-eluting stent, XIENCE V, demonstrated that the clinical advantage of XIENCE V continued to increase between two and three years compared to Boston Scientific's TAXUS(R) Express2(TM) /TAXUS(R) Liberte(TM) drug-eluting stents. Between two and three years, XIENCE V maintained a low cardiac death rate of 0.5 percent, while the observed cardiac death rate for TAXUS Express2/Liberte more than tripled to 4.2 percent and XIENCE V maintained a low, single-digit major adverse cardiac event (MACE) rate of 6.4 percent, while the MACE rate for TAXUS Express2/Liberte increased 40 percent to 14.9 percent. No stent thrombosis occurred for XIENCE V between two and three years, maintaining a low rate of stent thrombosis (1.0 percent). The stent thrombosis rate for TAXUS Express2/Liberte at three years increased to 2.9 percent.
  • Presented TRILIPIX(TM) / CRESTOR(R) Combination Data at ACC: A new study of Abbott's fenofibric acid, TRILIPIX, used in combination with the lowest available dose of CRESTOR (5 mg) showed that the combination led to greater improvements in all three lipids - LDL, HDL and triglycerides - than the corresponding monotherapies. TRILIPIX has now been studied with all of the most commonly prescribed doses of CRESTOR (5, 10 and 20 mg) in large, controlled clinical trials. In all studies, TRILIPIX combination therapy im
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