AbbVie Inc. has enjoyed mainly plaudits for its handling of biosimilar competition to its top-seller, Humira (adalimumab), with its projections tracking close to reality since US biosimilars first entered the market in early 2023. But while the numbers for its blockbuster anti-TNF therapy remained solid in the first quarter sales and earnings reported on 26 April, analysts and investors are questioning how Humira will hold up with biosimilar adoption by US payers on the rise.
Humira Market Erosion Is Continuing As Expected, AbbVie Says
With adalimumab biosimilar market share increasing in the US, AbbVie says revenue erosion is on its expected pace, driven mainly by discounts. Skyrizi, Rinvoq continue growth trajectories.
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