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AbbVie Inc. (ABBV) Management Presents at Cowen 41st Annual Health Care Conference (Transcript)

Mar. 03, 2021 4:39 PM ETAbbVie Inc. (ABBV)1 Comment
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AbbVie Inc. (NYSE:ABBV) Cowen 41st Annual Health Care Conference March 3, 2021 11:40 AM ET

Company Participants

Richard Gonzalez - Chairman and CEO

Jeffrey Stewart - EVP, Commercial Operations

Michael Severino - VC and President

Robert Michael - EVP and CFO

Conference Call Participants

Steve Scala - Cowen & Company

Steve Scala

Good afternoon and welcome to the AbbVie portion of Cowen's 41st Annual Health Care Conference. Representing the company is Mike Severino, who's Vice Chairman and President; Rob Michael, who's Executive Vice President and Chief Financial Officer; and Jeff Stewart, who is Executive Vice President of Commercial Operations.

AbbVie has been a favorite of Cowen for several years, and it's quite simple. We don't think the company's growth prospects, new product portfolio and total return opportunity are reflected in the stock, and we feel this is an opportunity for, you, investors who are participating in this session.

So, with that, there's lots of ground to cover in the next 30 minutes. Let's jump right in. Let's start with Humira. Perhaps you can just tell us what level of detailing is Humira receiving today, and is there any active efforts to switch patients from Humira to RINVOQ or SKYRIZI in the applicable indications?

Richard Gonzalez

Well, thanks, Steve. It's a pleasure to be here. I'll start with the answer to that question and Jeff and Rob may want to add in. So Humira means a very important product for us and it's a mainstay of therapy across a wide range of indications.

We've made great progress with our immunology portfolio overall, obviously RINVOQ and SKYRIZI are performing very well in their lead indications. There are on market indications of RA and psoriasis respectively, and are also progressing very rapidly and generating very strong data across the new areas in which we register them

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Comments (1)

longmoneyvinz profile picture
insane management. everytime i am impressed by their focus. LONG ABBV !
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