Hikma Still Sees Value In Generic Advair Despite Teva’s US Approval

CEO Predicts Launch From Teva Later This Year; Also Comments On Vascepa Competition

Hikma expects healthy prospects for its US Advair generic in 2022, despite rival Teva recently receiving FDA approval for its own version. Meanwhile, Hikma CEO Siggi Olafsson also outlined expectations for generic competition on icosapent amid ongoing API shortages.

Three Hands Take Slices Of Pie
Three firms could soon be competing for a slice of the US generic Advair market • Source: YesPhotographers / Alamy Stock Photo

Teva’s recent US Food and Drug Administration approval for a generic version of GlaxoSmithKline’s Advair Diskus (fluticasone/salmeterol) has not discouraged Hikma’s expectations of strong results for its own generic in 2022, according to Hikma CEO Siggi Olafsson.

Speaking at the J.P. Morgan Healthcare Conference, Olafsson highlighted Hikma’s Advair generic – which was launched in full last April, following a long development and approval process (Also see "Hikma Resumes Launch Of Advair Rival" - Generics Bulletin, 21 April, 2021.) – as a flagship product for the company

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