Biotech Values

[DewDiligence]

Abbvie—the ABT pharma spinoff—begins trading on a when issued basis on 12/10/12 under the symbol ABBV.WI. Also on 12/10/12, the “new” Abbott (i.e. the existing Abbott minus Abbvie) begins trading on a when-issued basis under the symbol ABT.WI:

http://finance.yahoo.com/news/abbott-announces-effectiveness-abbvie-form-224700270.html

Will be interesting to see how each component is valued

Existing ABT shares that include the right to receive one share of both successor companies will continue trading through the close on 12/31/12. Starting 1/2/13, the “new” Abbott will trade under the symbol ABT, and Abbvie will trade under the symbol ABBV.