The US Food and Drug Administration approval of AbbVie Inc.’s Rinvoq (upadacitinib) for Crohn’s disease is the drug’s second inflammatory bowel disease (IBD) indication and seventh indication overall, increasing the JAK inhibitor’s revenue potential at a crucial time for the company. Sales for Humira (adalimumab) are in decline with the introduction of the first US biosimilars of the top-seller in AbbVie’s powerhouse immunology franchise, resulting in lower overall revenue for the company in 2023.
AbbVie hopes that combined sales of Rinvoq and the interleukin-23 inhibitor Skyrizi (risankizumab) will eventually fill the Humira revenue deficit. The company has guided for $11.1bn in sales from the two products this year, and it expects a 37% decline in Humira revenue from $21.2bn in 2022. (Also see "AbbVie Pinpoints US Humira Erosion At 37% In 2023" - Scrip, 9 February, 2023.) The company forecast $17
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