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AbbVie Reports Second-Quarter 2014 Financial Results
Date:7/25/2014

ls remain at roughly two weeks, consistent with the first quarter.  Growth in the second quarter benefitted from retail buying patterns and a favorable comparison to the prior year.  We expect third-quarter HUMIRA sales growth in the U.S. to be reflective of underlying product demand and pricing trends, partially offset by a reduction in retail buying patterns.  As a result, we are forecasting high-teens growth for HUMIRA in the U.S. in the third quarter.Internationally, HUMIRA sales grew 16.2 percent on an operational basis and 17.8 percent on a reported basis.  International growth continues to be driven by the uptake of new indications, share gains and double-digit market growth in most key countries.  Performance in the quarter also benefitted modestly from the timing of international shipments.  We are forecasting low double-digit growth for HUMIRA internationally in the third quarter driven by strong underlying trends, partially offset by the timing of shipments in international markets.On a global basis, we continue to expect double-digit sales growth for HUMIRA in 2014.Q)What impacted AndroGel sales in the second quarter?A)

AndroGel sales were $218 million, down 15.6 percent from the prior year quarter.  We continue to see a notable slowdown in the market, with overall prescriptions down more than 20 percent in recent months.  We expect these market trends to continue. Q)What impacted Kaletra sales in the second quarter?A)

Global Kaletra sales in the quarter were $216 million, down 21.5 percent on an operational basis.  This performance has been driven by increasing competition in the HIV marketplace and is in line with our plan expectations for the product.Q)What impacted Synthroid sales in the second quarter?A)

U.S. sales of Synthroid were $166 million, up 8.7 percent year-over-year.  Synthroid maintains strong brand loyalty and market leadership, despite the entry of generic
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