AbbVie offers a ‘huge’ discount on Humira to fend off European rivals

first_imgPharmalot AbbVie offers a ‘huge’ discount on Humira to fend off European rivals By Ed Silverman Nov. 1, 2018 Reprints About the Author Reprints In hopes of fending off biosimilar competition for its franchise drug, AbbVie (ABBV) has apparently won the bidding to supply its Humira rheumatoid arthritis treatment to an unspecified European market at a steep 80 percent discount, according to a Wall Street analyst.Biosimilars are nearly identical variants of pricey, brand-name biologic drugs, but are expected to cost less while providing the same result in patients. However, the savings are generally expected to be in the range of 20 percent to 30 percent off the price of a brand-name biologic, which is why the AbbVie discount in Europe generated some notice this week. Ed Silverman What is it? Log In | Learn More Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. GET STARTEDcenter_img What’s included? @Pharmalot [email protected] STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. David J. Phillip/AP Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED Tags drug pricespharmaceuticalsSTAT+last_img

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