5:57 PM
Oct 17, 2012
 |  BC Extra  |  Company News

Abbott forecasts financials for pharma split

Abbott Laboratories (NYSE:ABT) expects its AbbVie pharmaceutical spinout to record 2013 sales of more than $18 billion. R&D spending is expected to be about $2.5 billion, or 14% of sales. AbbVie is slated to start operations on Jan. 1 with a cash balance of about...

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