Breaking News, Financial News

Financial Reports: Abbott 1Q

1Q Revenues: $9.4 billion (+4%)

1Q Earnings: $1.2 billion (+44%)

Comments: Proprietary pharma revenues were up 7% to $4.1 billion, driven by Humira (+17% to $1.9 billion). The established pharma revenues (ex-U.S.) was down 2% to $1.3 billion.

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