Wells Fargo Analyst: Humira® Price Increase Could Add $1.2 Billion to U.S. Healthcare Market

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It has been reported that manufacturer AbbVie will increase the price of Humira® (adalimumab) by 9.7% in 2018.  According to Wells Fargo analyst David Maris, this price increase could add an additional $1.2 billion to the U.S. healthcare system’s drug costs.  Humira® currently generates over $10 billion in revenue in the U.S.  As a result of increases in pricing over the past five years, the cost of Humira® has more than doubled, making it likely to be the first drug to generate total sales of $20 billion or more globally.

There is currently no biosimilar competition for Humira® on the U.S. market, although both Amgen and Boehringer Ingelheim have received FDA approval for their adalimumab biosimilars (Amjevita® and Cyltezo®, respectively).  As previously reported in Big Molecule Watch, AbbVie and Amgen reached a settlement in September 2017 in which Amgen will not launch Amjevita® in the U.S. until January 31, 2023.  Boehringer Ingelheim’s Cyltezo® is currently the subject of additional patent litigation, and has not yet launched.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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