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AbbVie Reports First-Quarter 2013 Financial Results
Date:4/26/2013

novel investigational compound for the prevention of acute kidney injury.  We expect ABT-719 to advance into Phase 3 studies in early 2014.
  • ABT-199, our next-generation BcL-2 inhibitor in development in partnership with Roche/Genentech, was featured in a special symposium at the American Association for Cancer Research (AACR) annual meeting earlier this month.  AbbVie recently proposed an amended study protocol for ABT-199 in chronic lymphocytic leukemia.  Upon approval by the U.S. Food and Drug Administration (FDA), dose escalation and new patient recruitment will resume.
  • AbbVie announced long-term, patient-reported health outcomes data for the use of HUMIRA in patients with pediatric Crohn's disease.  Results from the Phase 3 IMAgINE-1 trial demonstrated improvements in health-related quality of life measures for patients aged 6 to 17 years with severe active Crohn's disease, taking HUMIRA, as well as the work productivity of their caregivers throughout the 52-week study.
  • Received FDA approval for new Creon 36,000 lipase-unit capsules for patients with exocrine pancreatic insufficiency.  Creon 36,000 is the highest dose of pancreatic therapy (PERT) currently available for patients.
  • On February 15, the board of directors of AbbVie declared a quarterly cash dividend of $0.40 per share, payable May 15, 2013 to stockholders of record at the close of business on April 15, 2013.  AbbVie was named to the S&P 500 Dividend Aristocrats Index, which tracks companies that have annually increased their dividend for at least 25 consecutive years.  AbbVie was included as a result of the Index's change in its treatment of spin-off companies.
  • AbbVie's board authorized a share repurchase program of up to $1.5 billion of the company's outstanding common stock.  The share repurchase authorization is expected to be completed over a multi-year period and purchases may be made from t
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