AbbVie IncSkyrizi growth decelerated to 29.2% from 31.9%, signaling potential demand slowdown for AbbVie's key drug.
AbbVie's immunology drug Skyrizi posted 29.2% year-over-year revenue growth in the latest quarter, a slight deceleration from 31.9% operational growth in the prior quarter. Skyrizi generated $4.5 billion of AbbVie's $15 billion in total net revenues, and its growth rate is more than double the company's overall sales growth of 12.4%. The drug is the primary engine of AbbVie's post-Humira era, and any sustained slowdown could pressure the stock's valuation, which currently prices in continued high growth. Skeptics have pointed to intensifying competition in immunology, and this deceleration may be seen as an early sign of competitor friction. The next Skyrizi growth figure will be closely watched to determine whether this quarter marks a one-time blip or the start of a slower growth trajectory.
AbbVie IncSkyrizi growth decelerated to 29.2% from 31.9%, signaling potential demand slowdown for AbbVie's key drug.
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