AbbVie Inc at Cowen and Company Health Care Conference Transcript
Well, good morning, and welcome to the AbbVie session at the Cowen conference. We're very pleased to have the company back, again, with us this year. Representing the company, Mike Severino, who is Vice Chairman and President; and Rob Michael, who is Senior Vice President and CFO.
As many of you may know, we believe at Cowen that this stock represents a very compelling idea right now. And what are the reasons for that? Well, how many pharma stocks do you know that have 4 products in development, and maybe 5, that have multibillion-dollar potential? Second, yes, HUMIRA represents a significant hurdle, but we believe the company has done as good a job as they possibly could have to protect themselves in the U.S. and to blunt the erosion in Europe. Thirdly, of course, the stock is very attractively valued. And you put it all together, and we think that this represents a very good time to be kicking the tires on AbbVie. And this is a great opportunity with 2 members of senior management with us today. So
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