Seven Humira Biosimilars: Increased Competition In Arthritis Drug Market Sparks Need For Reform Of Drug Pricing Intermediaries
Portfolio Pulse from Vandana Singh
Seven pharmaceutical companies have launched biosimilars of AbbVie's arthritis drug Humira, sparking calls for reform in drug pricing intermediaries. Despite the increased competition, prices remain high, highlighting the need for reform in the pharmaceutical supply chain. The Biden administration has prioritized lowering drug prices and passed the Inflation Reduction Act, targeting pharmacy benefit managers (PBMs). Amgen, which launched its biosimilar to Humira, argues that PBMs favor higher list prices for subsequent after-market discounts. Novartis's Sandoz unit has also launched biosimilars.
July 26, 2023 | 1:06 pm
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NEGATIVE IMPACT
AbbVie's arthritis drug Humira faces increased competition from biosimilars, potentially impacting its market share.
The introduction of biosimilars to AbbVie's Humira increases competition, which could potentially lead to a decrease in market share for AbbVie.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Amgen has launched its biosimilar to Humira, potentially increasing its market share.
Amgen's launch of its biosimilar to Humira could potentially increase its market share in the arthritis drug market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Novartis's Sandoz unit has launched biosimilars to Humira, potentially increasing its market share.
The launch of biosimilars to Humira by Novartis's Sandoz unit could potentially increase its market share in the arthritis drug market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80