Amgen’s Otezla And BMS’s Sotyktu Battle For Share In Oral Psoriasis Drug Market

Q4 Was First Full Quarter BMS’s TYK2 Inhibitor Was Available

Amgen and Bristol defended their positions in the post-topical/pre-biologic segment of the psoriasis market during their Q4 earnings calls, now that each company has an oral drug available.

PSORIASIS Text, On Background of Medicaments Composition, Stethoscope, mix therapy drugs doctor flu antibiotic pharmacy medicine medical

Amgen, Inc.’s Otezla was the only branded oral drug available for use in psoriasis patients after topical medicines but before biologics for the inflammatory skin condition until Bristol Myers Squibb Company’s Sotyktu (deucravacitinib) entered the field with US Food and Drug Administration approval in September. Now the companies have their first full quarter of combat behind them and managements’ comments show where each has taken hits in the battle for market share.

Amgen’s EVP of global commercial operations Murdo Gordon said during the company’s 31 January fourth quarter sales and earnings call that Amgen remains confident in Otezla’s sales growth, especially with FDA approval for mild-to-moderate psoriasis

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