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AbbVie Inc. (ABBV) Barclays Global Healthcare Conference (Transcript)

Mar. 15, 2023 7:34 PM ETAbbVie Inc. (ABBV)
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AbbVie Inc. (NYSE:ABBV) Barclays Global Healthcare Conference Call March 15, 2023 1:35 PM ET

Company Participants

Robert Michael - Vice Chairman & President

Scott Reents - Senior Vice President & Chief Financial Officer

Jeff Stewart - Executive Vice President & Chief Commercial Officer

Roopal Thakkar - Development & Regulatory Affairs

Conference Call Participants

Carter Gould - Barclays

Carter Gould

Hi, good afternoon. Welcome to the Day 2 of the Barclays Global Healthcare Conference. My name is Carter Gould, senior biopharma analyst here. And it’s my pleasure to welcome AbbVie to the stage. No shortage of debates and controversies and launches going on. So thank you, AbbVie, for joining.

Joining us from the company are Robert Michael, Vice Chairman and President; Scott Reents, CFO; Jeff Stewart, Chief Commercial Officer; as well as Roopal Thakkar, Development and Regulatory Affairs and CML.

Thank you, Rob and team.

Robert Michael

Thanks for having us.

Question-and-Answer Session

Q - Carter Gould

Great. So we're going to just jump right into Q&A. Aesthetics has been sort of top of mind for many folks. And so I thought we'd start there. I think the company flagged uncertainty around some of the trends in the space, dating back to last year and certainly at the 4Q call. You've also referenced some stabilization in those metrics. So I guess the question is sort of what are you seeing in the field now? And has anything sort of evolved that's changed your longer-term view of the attractiveness of the aesthetics business?

Robert Michael

Yes, so we gave guidance, we basically assumed no recovery in the U.S. this year and China recovering in the middle of the year. As we monitor certain metrics. I think the economic metrics that tend to be most correlated to consumer confidence as well as real personal consumption. And it's interesting, we also

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