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Stock impact report

AbbVie keeps Humira market share near 100% despite biosimilars: report [Seeking Alpha]

Amgen Inc. (AMGN) 
Last amgen inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.amgen.com
Company Research Source: Seeking Alpha
U.S. market entry of vastly discounted biosimilars more than a year ago, according to a report from generic drugmaker Samsung Bioepis. In its latest quarterly biosimilar report, the South Korean company said that as of February 2024, AbbVie ( ABBV ) had retained 96% of the adalimumab market share, a year after the launch of the first off-patent version of the drug in the U.S. Amgen ( NASDAQ: AMGN ) rolled out the first biosimilar against Humira in the U.S. last year with the launch of Amjevita/Amgevita in late January. Several other copycat versions from companies such as Novartis' ( NVS ) spinoff Sandoz ( OTCQX:SDZNY OTCQX:SDZXF ), Coherus BioSciences ( CHRS ), Fresenius ( OTCPK:FSNUF OTCPK:FSNUY ), Organon ( NYSE: OGN )/Samsung Bioepis, and Pfizer ( PFE ) followed suit. Others, such as Viatris ( VTRS ), have yet to finalize their launch dates. Most recently, generic drugmakers Teva Pharmaceuticals ( NYSE: TEVA ) and Alvotech ( ALVO ) won U.S. approval for their Humira biosim Show less Read more
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