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AbbVie Issues Inaugural Full-Year Outlook for 2013
Date:1/30/2013

NORTH CHICAGO, Ill., Jan. 30, 2013 /PRNewswire/ -- AbbVie today confirmed it delivered strong sales growth with its marketed pharmaceutical products in 2012.  The proprietary pharmaceutical segment of Abbott, representing the majority of AbbVie's revenue, grew more than 8 percent globally on an operational basis, excluding a nearly 3 percent negative impact from foreign exchange.Performance was driven by solid double-digit growth from both HUMIRA and AndroGel and continued growth from the company's portfolio of market-leading therapies, including Creon and Synthroid.Additionally, AbbVie is issuing adjusted earnings-per-share guidance for the full-year 2013 of $3.03 to $3.13, or $2.66 to $2.76 on a Generally Accepted Accounting Principles (GAAP) basis.  The company's 2013 adjusted earnings-per-share guidance excludes $0.37 per share of non-cash intangible amortization expense and specified items, primarily associated with certain separation-related costs and previously announced ongoing restructuring activities.

"AbbVie's portfolio of marketed products delivered solid growth in 2012, positioning us well for healthy performance in our first year as an independent company," said Richard A. Gonzalez , chairman and chief executive officer, AbbVie.  "In 2013, we expect to deliver on AbbVie's key priorities of driving continued strong growth of HUMIRA, maximizing our specialty product portfolio, advancing our promising pipeline including our late-stage HCV program, and delivering returns to shareholders through our strong dividend."

Pipeline and Regulatory MilestonesIn addition to strong sales growth, in 2012 AbbVie continued to execute on its regulatory and clinical objectives.  This includes securing approvals for four new HUMIRA indications; the addition of two promising mid-stage compounds, including a next-generation JAK1 inhibitor and a novel therapy for acute kidney injury;
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