AbbVie Exec Says Increased 2023 Neuroscience Drugs Sales Outlook By $300M-$7.7B
Portfolio Pulse from Benzinga Newsdesk
An executive from AbbVie has announced during a conference call that the company has increased its sales outlook for neuroscience drugs by $300 million, projecting a total of $7.7 billion by 2023.
July 27, 2023 | 1:43 pm
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AbbVie has increased its 2023 sales outlook for neuroscience drugs by $300 million, projecting a total of $7.7 billion. This could potentially boost investor confidence and positively impact the company's stock price.
The increase in sales outlook indicates that AbbVie is expecting higher revenues from its neuroscience drugs. This could be due to a variety of factors such as increased demand, successful clinical trials, or new product launches. Higher revenues generally lead to increased profitability, which is a positive signal to investors and can lead to an increase in stock price.
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