Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nyse  >  AbbVie    ABBV

My previous session
Most popular
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweets

AbbVie : Confronting the Aftermath of a Month of Devastating Natural Disasters

share with twitter share with LinkedIn share with facebook
share via e-mail
10/04/2017 | 11:40pm CEST

This September, every week seemed to bring news of another natural disaster. Our social media feeds filled with heart-wrenching images of flooded streets, broken homes and displaced families.

Each of the recent events - three powerful hurricanes and two major earthquakes - would have been devastating on their own. But the collective impact of Hurricanes Harvey, Irma, Maria and the two earthquakes in Mexico is unlike anything we've seen in recent history - and there is urgent need for relief for the affected communities.

Horrific Hurricane Season

Relief efforts were just starting to solidify in the wake of Hurricane Harvey when a new hurricane - Irma - caused extensive damage in the Caribbean before battering the state of Florida. The storm also impacted Georgia, the Carolinas, Alabama and Tennessee.. The death toll reached more than 70 in the Caribbean and the U.S., where millions of people throughout the region still remain without power.

Then, on September 20, an incredibly powerful category 4 storm hit Puerto Rico, U.S. Virgin Islands and Dominica, destroying homes, businesses, schools, health care facilities, infrastructure and agriculture. In Puerto Rico, Hurricane Maria tore out cell phone towers, satellites and most of the electrical grid, making communication almost impossible and access to power dependent on generators.

All three hurricanes have created shortages of food, clean water, fuel, housing and medical supplies and have caused significant hardships for those in affected communities, including those suffering from medical conditions.

Earthquake Rocks Mexico

On September 7, while Irma was gathering speed and power in the Caribbean, an 8.1 magnitude earthquake struck off of the southern Pacific coast of Mexico. The states of Chiapas and Oaxaca, home to about 9 million people and two of the most impoverished areas in Mexico, were closest to the epicenter. More than 100 people perished due to the earthquake.

And, as Maria battered Puerto Rico, a magnitude 7.1 earthquake hit central Mexico, including the capital Mexico City. Thirty-eight buildings collapsed in Mexico City alone, and 360 people lost their lives.

Responding to the Crisis

In the wake of Hurricane Harvey, AbbVie and AbbVie Foundation had already donated product and $1 million to support relief efforts; as each new disaster struck, additional support was quickly put in place to help assist the regions affected by Hurricane Irma, Maria, and the Mexico earthquakes.

'After the devastating events of the past month, we are anxious to do whatever we can to help those affected by these disasters,' says Tracie Haas, president, AbbVie Foundation. 'We are so grateful to have partnerships in place with trusted organizations, which allows us to support targeted efforts to recover, rebuild, and offer much-needed relief.'

$4 million has been donated to:

  • American Red Cross, for deployment of: volunteers, emergency response vehicles, shelters, ready-to-eat meals, hygiene kits, medical supplies and cleaning products.
  • AmeriCares, for meeting urgent medical needs within affected hospitals and medical care facilities and addressing the needs of the displaced with tetanus vaccines and medications; shipping and procurement of medicines and medical supplies.
  • Direct Relief, for outreach and support to affected partner health clinics, preparation, procurement and packing of emergency shipments, transportation of emergency supplies and medicines.
  • Heart to Heart International, for operation of their Mobile Medical Unit (MMU) that is providing basic emergency triage, wound care, tetanus vaccinations, lab testing and assistance with lost medicine.
  • International Medical Corps, to support of health facilities and mobile clinics; access to clean water and sanitary facilities including cholera treatment and prevention, distribution of relief supplies and medicines.
  • Feeding America, for disaster operations including procurement/distribution of food and water.
  • MAP International, for procurement, shipping and distribution of hygiene kits.
  • Project Hope, for direct medical assistance through mobile medical units/in support of static clinics; distributing personal and family hygiene kits, water purification tablets; and engaging mental health specialists and social workers, with focus on rural and harder to reach communities.

In Mexico, additional AbbVie Foundation support to Direct Relief will enable their earthquake relief efforts including the procurement and distribution of needed medicine and supplies, the repair of damaged medical facilities and the operation of mobile medical units. In the Chiapas region, Direct Relief's recovery efforts will assist Partners In Health and Casa de la Amistad, AbbVie Foundation partners, manage existing programs for vulnerable populations.

The AbbVie Foundation is also matching employee donations to many disaster relief organizations, including those above.

Media inquiries:

Mary Kathryn Steel
: Mary Kathryn Steel
Call: +1 847-937-4111

AbbVie Inc. published this content on 04 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 October 2017 21:39:01 UTC.

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ABBVIE
09/22Rosen Law Firm Files Securities Class Action Lawsuit Against AbbVie Inc. &nda..
09/21ABBVIE : Hagens Berman Alerts Investors in AbbVie Inc. (ABBV) to the Firm's Inve..
09/21INVESTIGATION ALERT : The Schall Law Firm Announces it is Investigating Claims A..
09/21Rosen Law Firm Announces Investigation of Securities Claims Against AbbVie In..
09/21ABBVIE : Announces $5 Million Donation to Family Reach to Support Children Battl..
09/21AbbVie Gets Positive CHMP Opinion for Combination of Venclyxto With Rituximab..
09/21ABBVIE : Receives Positive CHMP Opinion for a Novel, Chemotherapy-free Combinati..
09/21ABBV Law Offices of Howard G. Smith Announces Investigation on Behalf of AbbV..
09/20ABBVIE : "Automatic Injection Device With Near-Field Communication" in Patent Ap..
09/20ABBVIE INVESTIGATION : Bernstein Liebhard LLP Announces Investigation Of AbbVie ..
More news
News from SeekingAlpha
09/21Feds looking into free services from drug makers - WSJ 
09/21European advisory group backs AbbVie's Venclyxto + Roche's Rituxan in CLL 
09/20Equillium Begins U.S. IPO Effort 
09/19Almirall's tildrakizumab OK'd in Europe for plaque psoriasis 
09/19DIVIDEND SENSEI'S PORTFOLIO UPDATE 5 : Annual Performance Review 
Financials ($)
Sales 2018 32 862 M
EBIT 2018 14 513 M
Net income 2018 10 305 M
Debt 2018 29 518 M
Yield 2018 3,96%
P/E ratio 2018 13,92
P/E ratio 2019 11,97
EV / Sales 2018 5,17x
EV / Sales 2019 4,82x
Capitalization 140 B
Duration : Period :
AbbVie Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ABBVIE
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 109 $
Spread / Average Target 18%
EPS Revisions
Richard A. Gonzalez Chairman & Chief Executive Officer
Azita Saleki-Gerhardt Senior Vice President-Operations
William Joseph Chase Chief Financial Officer & Executive Vice President
Michael E. Severino Chief Scientific Officer & Executive VP
Robert J. Alpern Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
ABBVIE-4.60%140 343
MERCK KGAA-2.89%13 233