3Q Revenues: $5.6 billion (+3.5%)
3Q Earnings: $715.8 million (+5%)
YTD Revenues: $16.3 billion (flat)
YTD Earnings: $2.2 billion (-8.5%)
Comments: Adjusting for the Boehringer Ingelheim (BI) distribution amendment, U.S. pharmaceutical sales increased nearly 17%, driven by Humira, Omnicef, Depakote, Kaletra and TriCor.* Global Humira sales were $541 million, up 52%, with U.S. sales up 43% and international sales up 66%. Results for the quarter include acquired in-process R&D of $214 million related to the Guidant vascular acquisition.
*In August 2005, Abbott amended its co-promotion and distribution agreement for the three BI products: Mobic, Flomax and Micardis. As of Jan. 1, 2006, Abbott no longer distributes these products and no longer records sales for distribution activities.