Janno Roele’s Post

AbbVie’s #Humira has long dominated the biosimilar market, but recent data suggests a shift is imminent with a decrease in market share to 82%. Sandoz's #Hyrimoz, a key player, has seen significant gains under the Cordavis co-label, recording a surge in prescriptions after CVS Health Caremark's move to exclude branded Humira from commercial formularies in April. IQVIA data indicates that 82% of Humira biosimilar prescriptions were for Hyrimoz by the end of April, propelling Sandoz to a 6% sales growth in the first quarter. On the other hand, AbbVie's collaboration with Cordavis has resulted in a joint Humira formulation, capturing around 25% of the Cordavis-labelled products market, as per Samsung Bioepis' findings. Meanwhile, Boehringer Ingelheim's #Cyltezo, competing with Humira, faced challenges with only 1,487 prescriptions since its July 2023 launch, compared to Humira's 2.8 million prescriptions during the same period. The delayed uptake led to layoffs within Boehringer's customer-facing team, prompting a shift to a hybrid approach. As AbbVie prepares to transition focus to newer immunology medications like #Skyrizi and #Rinvoq to counter Humira's declining sales – dropping from a record $21.2 billion to $14.4 billion last year – the pharma landscape is evolving rapidly. Skyrizi's recent $2 billion quarterly sales almost matched Humira, which experienced a 40% sales decline in the first quarter. The pharmaceutical market is witnessing dynamic shifts and strategic maneuvers as key players navigate the evolving landscape. ------------- Stay tuned for more insights on PharmaTell Studio or read more on our blog: https://lnkd.in/gTtPWGMk

Eyes On the Competition for GLP1 IBD bHumira

Eyes On the Competition for GLP1 IBD bHumira

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