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AbbVie Focuses On Humira’s Formulary Positioning Ahead Of Biosimilars

 
• By Joseph Haas

A year out from the US patent expiration for top-seller Humira, AbbVie is negotiating for formulary position alongside biosimilars. Analysts said success there could delay some patent cliff pain until 2024.

AbbVie exterior
AbbVie talked about US formulary positioning for Humira post-patent expiry • Source: Alamy

AbbVie Inc. has been preparing for the patent expiration of its top-seller Humira since it separated from Abbott Laboratories Limited in 2013. With the entry of biosimilars in the US now approximately a year away, CEO Rick Gonzalez told the pharma’s first quarter sales and earnings call on 29 April that AbbVie has begun discussions with US payers about keeping the biologic on formulary in 2023, which could push back some of the expiry’s revenue impact into 2024.

AbbVie reported a 22.6% year-over-year ex-US decline in Humira (adalimumab) sales to $743m during Q1, highlighting the substantial impact of...

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• By Vibha Ravi

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Japan Results Roundup: Reduced Forex Impact, Uncertain US Tariff Outlook

 
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S&E In Brief: Launch Updates And Political Headwinds

 
• By Sushmita Panda

Madrigal and Syndax update investors on their key launches, while Merck KGaA weighs in on the possibility of direct-to-consumer sales in the US.

Lupin Confident Of US Growth On Tariff Mitigation, Rides High On Tolvaptan

 
• By Vibha Ravi

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More from Business

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• By Alaric DeArment

The drug is one of multiple candidates in the class that have been pulled from development, though it is not the company’s lead candidate.

Finance Watch: OrbiMed’s New $1.86bn Fund Offers Financial Alternatives In Tough Market

 
• By Mandy Jackson

Public Company Edition: OrbiMed partners Carter Neild and Matthew Rizzo spoke with Scrip about the firm’s fifth royalty and credit fund. Also, Ligand sold $400m worth of notes, BridgeBio’s oncology spinout went public via SPAC merger and raised $261m and Assembly raised $175m.

Asia Deal Watch: Lupin Picks Sandoz To Market Lucentis Biosimilar In Parts Of EU And Asia

 
• By Joseph Haas, Sushmita Panda, Xu Hu, Vibha Ravi, and Manas Mishra

Also deals involving Xspray/Handa, Fosun/Expedition, Kaken/Astria, Orchid/Allecra, Sanofi/Visirna, KKR/Healthcare Royalty Partners, Viridian/Kissei, Sandoz/Evotec, Dx&Vx, Dr. Falk/Allianthera, Madrigal/CSPC and Lilly/LTZ.