AbbVie prices new rheumatoid arthritis drug at $59,000 a year [Reuters]
AbbVie Inc. (ABBV)
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Source: Reuters
AbbVie prices new rheumatoid arthritis drug at $59,000 a year - Reuters 3 Min Read (Reuters) - AbbVie Inc has priced its new rheumatoid arthritis treatment at $59,000 a year after gaining U.S. approval on Friday, a big boost for the drugmaker struggling with rising competition for Humira, its blockbuster therapy for the same condition. A four-week supply of Humira, the world’s best-selling medicine, has a list price of about $5,174, amounting to more than $60,000 for a year. However, the list price is not necessarily what patients actually pay as “out-of-pocket” costs vary based on the duration of the treatment and individual healthcare plans. Humira brought in global revenue of $4.87 billion in the second quarter, but sales have been hit by competition from cheaper rivals in Europe, and AbbVie in June announced a deal to buy Botox-maker Allergan Plc for $63 billion to reduce dependence on the drug. The company has signed deals to prevent cheaper versions of Humira, which also treats
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News
- AbbVie Inc. stock underperforms Wednesday when compared to competitors [MarketWatch]MarketWatch
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- Amgen's Q4 tops views, but 2023 guidance falls on lower end of expectations [MarketWatch]MarketWatch
- Share this Story: AbbVie's Humira gets a U.S. rival, but costs could stay high [Financial Post (Toronto, Ontario, Canada)]Financial Post
- AbbVie Inc. stock outperforms competitors despite losses on the day [MarketWatch]MarketWatch
ABBV
Earnings
- 10/28/22 - Beat
ABBV
Sec Filings
- 1/10/23 - Form 8-K
- 1/6/23 - Form 8-K
- 1/3/23 - Form 4
- ABBV's page on the SEC website