Mark Cuban Helping Lower Cost Of Bestselling Humira With Cost Plus Drug Company: 'The Game Just Changed'
Portfolio Pulse from Chris Katje
Mark Cuban's Cost Plus Drug Company partners with Coherus BioSciences to offer Yusimry, a biosimilar of Humira, at a lower cost starting July 2023. The partnership aims to make biologics more affordable for patients and disrupt the high-cost biologic space.

June 01, 2023 | 6:13 pm
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POSITIVE IMPACT
Coherus BioSciences partners with Mark Cuban's Cost Plus Drug Company to offer Yusimry, a biosimilar of Humira, at a lower cost. The partnership could increase Coherus' market share in the biologic space.
The partnership with Mark Cuban's Cost Plus Drug Company will allow Coherus BioSciences to offer Yusimry, a biosimilar of Humira, at a lower cost. This could lead to an increase in market share for Coherus in the biologic space, as more patients gain access to affordable biologics. The partnership is also part of Coherus' biosimilar strategy to leverage its excellence in manufacturing and supply chain management.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
NEUTRAL IMPACT
Abbott Laboratories, which spun off AbbVie in 2013, may see indirect effects from the partnership between Mark Cuban's Cost Plus Drug Company and Coherus BioSciences.
Abbott Laboratories spun off AbbVie in 2013, and while the partnership between Mark Cuban's Cost Plus Drug Company and Coherus BioSciences may impact AbbVie's market share, the direct effects on Abbott Laboratories are less clear. Abbott's stock performance has been strong over the last ten years, and the company has diversified its business since spinning off AbbVie.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 40
NEGATIVE IMPACT
AbbVie's Humira loses patent protection in early 2023, and the partnership between Mark Cuban's Cost Plus Drug Company and Coherus BioSciences could impact its market share.
AbbVie's Humira, one of the best-selling drugs for years, loses patent protection in early 2023. The partnership between Mark Cuban's Cost Plus Drug Company and Coherus BioSciences to offer a lower-cost biosimilar, Yusimry, could eat into AbbVie's market share. However, a Guggenheim analyst recently highlighted the strength of AbbVie's non-Humira business, with several blockbuster drugs potentially offsetting the loss of Humira revenue.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 80