Share this Story: AbbVie's Humira gets a U.S. rival, but costs could stay high [Financial Post (Toronto, Ontario, Canada)]
AbbVie Inc. (ABBV)
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Source: Financial Post
U.S. patients will finally get access to cheaper versions of AbbVie Inc's blockbuster arthritis drug Humira this year, but the cost savings are expected to be limited. Rival drugmaker Amgen Inc on Tuesday launched Amjevita, the first biosimilar version of AbbVie's 20-year-old drug, with two tiers of pricing. One sets a 5% discount to Humira's monthly price of $6,922. The other will be about half price but may not be widely available. Most patients' co-insurance costs are set as a percentage of list price and are expected to be calculated off the higher price. At least another seven Humira biosimilars are expected this summer and could debut with discounted list prices. Even then, patient groups, pharmacists, doctors and academics said they will be obscured by the U.S. private insurance system of middlemen negotiation and after-market discounts called rebates. Pharmacy benefit managers (PBMs) say that the deep discounts they receive are returned to insurers and employers to lo
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