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Otezla Is Amgen’s Main Growth Driver As Net Drug Pricing Declines

 
• By Mandy Jackson

Without the newly purchased drug, Amgen’s 2020 sales would be flat, but the company hopes to enhance its psoriasis market push with its combined offering of Otezla, Enbrel and biosimilars.

Financial Report
Otezla will boost Amgen's 2020 sales as net price declines hit other drugs • Source: Shutterstock

Amgen Inc.’s near-term growth will come almost entirely from its newly acquired Otezla (apremilast), considering the company’s revenue guidance for 2020 is $25bn-$25.6bn versus its 2019 revenue of $23.4bn; the difference is equal to the likely sales total this year for Otezla.

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