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Abbott's split leaves unanswered questions about future of the new pharma play
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Abbott's bit parts
By Stacy Lawrence
Senior Writer
Published on
Monday, October 24, 2011
Abbott
Laboratories is the latest pharma to hope that splitting up will unlock
value. But last week's news that Abbott plans to become two companies - a
diversified medical products company and a research-based pharmaceutical
company - left key unanswered questions about the new pharma's future.
Nearly half of its revenues
will come from one product - Humira adalimumab for autoimmune disorders - and
it is unclear how long Abbott can sustain the robust sales growth trajectory of
the anti-TNF antibody and whether its pipeline will be ready to kick in once
Humira hits oral competition and patent expiry.
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