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BEYOND HUMIRA: ABBVIE LOOKS TO $35BN PIPELINE FOR FUTURE GROWTHBEYOND HUMIRA:
ABBVIE LOOKS TO $35BN PIPELINE FOR FUTURE GROWTH

Dan Stanton, Managing editor

January 10, 2019

3 Min Read
A screenshot from a US televeision advertisement for Humira, the world's top
selling drug by revenue


With the world’s best-selling drug now facing direct biosimilar competition,
AbbVie says it is confident its robust pipeline will deliver double-digit growth
going forward.

In 2018, the first biosimilar versions of Humira (adalimumab) were launched in
Europe and other non-US markets. Meanwhile in October, Sandoz became the third
firm to receive US Food and Drug Administration (FDA) approval for a Humira
biosimilar. It is, therefore, fair to say sales of the world’s top selling drug
– Humira clocked in sales of $18.4 billion in 2017, and $15 billion for the
first nine months of 2018 – are under threat.



But speaking at the 37th JP Morgan Healthcare Conference in San Francisco, Mike
Severino, AbbVie’s vice chairman and president, said new product launches will
offset any losses from biosimilar competition. “We expect revenue from our
non-Humira growth platform, including our durable base business and innovative
new products, will grow to more than $35 billion in 2025.”



A screenshot from a US televeision advertisement for Humira, the world’s top
selling drug by revenue



He added direct biosimilar competition will have an impact of more than $6
billion in international Humira business, but AbbVie has “long been diligently
planning for this event,” and is fully prepared.

“We are now facing direct biosimilar competition across the majority of
international markets. And as I just outlined, we expect to drive strong growth
despite its impact in 2019.” Numerous settlement agreements made over the past
12 months mean the firm does not anticipate direct biosimilar competition in the
US until 2023.




NEW PRODUCT LAUNCHES

In fact the firm is aiming for double-digit growth in 2019 and beyond, driven by
“significant investment” to support new product launches.

“As we enter this important time for our company, you will see the next stage of
our strategy play out. We have built a tremendous growth platform in
hematology/oncology with Imbruvica [ibrutinib] and Venclexta [venetoclax
tablets], the leading mechanisms in this area. Combined, they will drive
significant growth during this biosimilar period.”



For the nine months up to October 2018, Imbruvica pulled in global revenues of
$1.9 billion. Venclexta is a first-in-class medicine that selectively binds and
inhibits the B-cell lymphoma-2 (BCL-2) protein co-developed and commercialized
by AbbVie and Roche. For the first nine months 2018, the drug pulled in $220
million.

While Severino said these will grow, he also highlighted two immunology assets,
upadacitinib and risankizumab, which “have the potential to provide improved
outcomes for patients across a number of indications and ultimately replace
Humira as the leading immunology assets.”

The firm submitted a Biologics License Application (BLA) for risankizumab for
moderate to severe plaque psoriasis in April 2018. In October, AbbVie said Phase
III trials for upadacitinib in ulcerative colitis had been initiated.

Correction: The original article placed Humira sales for the first nine months
of 2018 as $13.5 billion, rather than $15 billion, as reported by AbbVie.




ABOUT THE AUTHOR(S)

Dan Stanton

Managing editor

Journalist covering the international biopharmaceutical manufacturing and
processing industries.


Founder and editor of Bioprocess Insider, a daily news offshoot of publication
Bioprocess International, with expertise in the pharmaceutical and healthcare
sectors, in particular, the following niches: CROs, CDMOs, M&A, IPOs, biotech,
bioprocessing methods and equipment, drug delivery, regulatory affairs and
business development.


From London, UK originally but currently based in Montpellier, France through a
round-a-bout adventure that has seen me live and work in Leeds (UK), London, New
Zealand, and China.

See more from Dan Stanton

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