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06.03.2015 19:51:15

AbbVie: Pharmacyclics Acquisition ‘Deals a Huge Blow’ to Bears

Jefferies analyst Jeffrey Holford and team explain why the acquisition of Pharmacyclics (PCYC) “marks an inflection point” for AbbVie (ABBV): Sipa USA/Associated Press The Pharmacyclics acquisition marks an inflection point for AbbVie. We believe that the company can achieve their peak revenue goal of more than $7bn for Imbruvica. Our modeling implies EPS accretion of 19c in [...]

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