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470% price increases

World of DTC Marketing

Today, AbbVie charges approximately $77,000 for a year’s supply of Humira—470% more than when the drug was launched in 2003. Record Corporate Revenue Driven by Price Increases: Since 2003, AbbVie has collected over $107 billion in U.S. The graph below shows AbbVie’s and Amgen’s pricing for Humira and Enbrel from 2003 to 2021.

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Ten Ways to Think Differently About Small-to-Mid-Sized Pharma Launches

Eversana Intouch

Back in 2003, drugs from large pharma companies made up 36% of the late-stage R&D pipeline. By 2018, that share had fallen by about half. Meanwhile, the number of companies launching their first drug during the decade preceding 2018 more than tripled.

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The 4 Types of Medtech Innovation  

Cesare Ferrari

In the medical device business, the capacity for innovation is commonly regarded as a key competence and a powerful response mechanism for companies operating in our complex and highly competitive environment. The purpose of this post is to help MedTech professionals to better understand the different types of innovation.

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Amarin Makes Moves towards Global Expansion of Vazkepa

Pharmaceutical Technology

AstraZeneca ’s cholesterol drug Crestor (rosuvastatin) was approved in 2003 in the US but only approved in Germany in 2008. The company now faces a highly competitive generics market for its lead drug. Amarin’s net product revenue was $577.9 million in 2021 and $607 million in 2020, as per its financial filings.

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Using alkali-metal cation recognition of ?-cyclodextrin to detect lithium ions by MALDI-TOF

European Pharmaceutical Review

1,7 It may depend on the competition between 6 Li and 7 Li, present at much higher concentration, to be ionised. Matrix-assisted laser desorption/ionization analysis of lipids and high molecular weight hydrocarbons with lithium 2,5-dihydroxybenzoate matrix, Rapid Commun Mass Spectrom , 2003; 17, 2203–2207. percent and 7.5=

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Identifying The Early Adopters Of Your MedTech Product

Cesare Ferrari

In search of a better solution, they began to use manual instruments and surgical drills or competitive products. This group of customers used the previous generation of Medtronic products, but they were not completely satisfied because that product line was unreliable and not very effective. References. Crossing the Chasm. Rogers, E.

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Biosimilars Market Set for Biggest Year Yet in 2023

PM360

Although AbbVie’s patent for Humira officially expired in 2016, the legal and regulatory delays paused competition for Humira until 2023. The increase, from ASP plus 6% to ASP plus 8%, will last for five years, and may help increase access to and utilization of biosimilars and promote competition in the marketplace.