AbbVie prices new rheumatoid arthritis drug at $59,000 a year [Reuters]
Last abbvie, inc earnings: 5/1 07:43 am
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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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- AbbVie Inc. (<a href="https://www.marketbeat.com/stocks/NYSE/ABBV/price-target/">NYSE: ABBV</a>) is now covered by analysts at Truist Securities. They set a "buy" rating and a $117.00 price target on the stock.MarketBeat
- AbbVie Inc. (<a href="https://www.marketbeat.com/stocks/NYSE/ABBV/price-target/">NYSE: ABBV</a>) is now covered by analysts at Truist. They set a "buy" rating and a $124.08 price target on the stock.MarketBeat
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ABBV
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- 7/2/21 - Form 4
- 7/2/21 - Form 4
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