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Re: DewDiligence post# 84189

Wednesday, 10/14/2009 8:10:36 AM

Wednesday, October 14, 2009 8:10:36 AM

Post# of 257251
Scanning ABT’s 3Q09 PR, which just hit the wires, and the first place I looked was the sales line for Humira. (I’ll have more to say on the 3Q09 results later.)

http://finance.yahoo.com/news/Abbott-Reports-165-Percent-prnews-3645456301.html/print?x=0

Humira continues to be a monster: worldwide sales are running at an annualized rate of $6B and grew 32% year-over-year in constant currencies (24% in dollars).

$6B drugs growing at more than 30% do not come along every day and ABT says, “You ain’t seen nothing yet!”


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