ABBV’s new guidance of $3.0B HCV sales for full-year 2019 (given on today’s CC) implies 4Q19 ABBV HCV sales of $703M*. Hence, ABBV does not expect a further decline in HCV sales from 3Q19 to 4Q19.
*ABBV’s HCV sales for the first three quarters of 2019 were $2.297B ($815M + $784M + $698M); $3.0B - $2.297B = $703M.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”