CVS Caremark Reports Continuation Of Its Efforts To Expand Adoption Of Biosimilars
Portfolio Pulse from Benzinga Newsdesk
CVS Caremark has announced that starting April 1, 2024, Humira will be excluded from major national commercial template formularies, and instead, biosimilars to Humira will be covered. This move is part of CVS Caremark's ongoing efforts to promote the adoption of biosimilars.

January 03, 2024 | 10:03 pm
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POSITIVE IMPACT
CVS Caremark's decision to adopt biosimilars over Humira could lead to cost savings and potentially impact the company's revenue positively by offering more affordable options to patients.
The adoption of biosimilars is generally seen as a cost-saving measure for pharmacy benefits managers like CVS Caremark. By excluding Humira from their formularies, CVS may reduce expenses and improve margins, which could be seen positively by investors in the short term. However, the actual impact on the stock will depend on the market's perception of the potential savings and the company's ability to manage the transition smoothly.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80