Teva Pharmaceutical Industries will still pursue launching a biosimilar of AbbVie's blockbuster arthritis drug Humira next year despite a crowded marketplace, Chief Executive Richard Francis said on Wednesday.
AbbVie has offered discounts to shield itself from market share erosion for what had once been the world's top selling prescription drug, but Francis said prices of alternative versions typically end up lower than the originals.
"If they dramatically reduce that's going to put them under significant pressure on their P&L. So there's only so far they will go," Francis said. "They've modeled that and they've worked out what attrition is going to happen when, and what price they can give up when. And we've seen that across a number of biosimilars."
Out of the eight drugmakers that launched Humira biosimilars in the U.S. this year, three kept their list price within 5%-7% of AbbVie's, two priced at an 85% discount and three offered both types of prices. Unlike easy to produce generic versions of pills, complex biotech drugs made from living cells cannot be exactly duplicated, leading to the term biosimilars.blockbuster psoriasis treatment Stelara. That will be launched in the U.S. in 2025 under a deal between the two companies."We'll have Humira, it will be maybe not as big as we'd initially forecast.
Reporting by Steven Scheer; Additional reporting by Patrick Wingrove in New York; Editing by Caroline Humer and Bill Berkrot
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
2024 Toyota Land Cruiser, 2024 Porsche 911 S/T: Car News HeadlinesThe return of the Land Cruiser, a special-edition 911, and a future Cadillac EV all made headlines today.
Leer más »
US shale firm CEO predicts $80-$100 a barrel of oil through 2024Oil prices will range between $80 and $100 a barrel this year and next as demand outpaces supply, Scott Sheffield, chief executive officer of top shale firm Pioneer Natural Resources , said on Wednesday, citing output cuts by Saudi Arabia and underinvestment by U.S. producers.
Leer más »
Chris Christie super PAC raises nearly $6 million for 2024 campaignDonations poured in from well-heeled donors of Wall Street and real estate.
Leer más »
Miami Wants More People to Experience F1 Spectacle at 2024 Grand PrixThe F1 event has proven wildly popular for fans and celebrities alike.
Leer más »
One diner stop at a time: DeSantis tests revamped 2024 strategy to beat TrumpHaving burned through cash faster than expected since declaring his candidacy for the Republican presidential nomination, Florida Governor Ron DeSantis is now leaning into smaller-scale, more intimate events with voters
Leer más »