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Novartis set to overcome $14 billion patent cliff say analysts

pharmaphorum

This is supported by the company’s portfolio of other approved medicines and revenues from its Sandoz biosimilars and generics division. Jefferies expects that the company expects sales of $14 billion could be at risk by 2027 from patent expiries of Tasigna, Promacta, Jakavi, Gilenya and Entresto.

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17th edition of CPHI & PMEC India inaugurated at India Expo Centre, Noida

Express Pharma

Integrating IT with pharmaceuticals will further strengthen its role, paving the way for dominance in biologics and biosimilars. By 2027, biopharma is projected to account for 35 per cent of the global market, positioning India as a leader. With exports nearing $27.84 Adam Anderson , Executive VP – Pharma, Informa Markets B.V

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Amgen opens its most advanced manufacturing facility to date

European Pharmaceutical Review

The facility has been designed to meet the highest environmental sustainability standards, to help Amgen’s reach its target of carbon neutrality in all operations by 2027, the company noted. .” Amgen Ohio is nearly 300,000 ft 2 in size and will employ 400 full-time staff.

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New Initiative of the US FDA: The Role of Pharmacodynamic Biomarkers for the Development of Biosimilar

PharmaShots

A recent study published in the January 2023 issue of Clinical Pharmacology and Therapeutics described essential characteristics of a PD biomarker for biosimilar development.

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FDA Approves Amgen’s WEZLANA As Biosimilar to and Interchangeable With Janssen’s STELARA (ustekinumab) – Stelara Is One of the 10 Drugs Selected by CMS for Drug Price Negotiations Under the Inflation Reduction Act

Big Molecule Watch

On Tuesday, October 31, FDA approved Amgen’s WEZLANA (ustekinumab-auub) as biosimilar to and interchangeable with Janssen’s STELARA (ustekinumab). WEZLANA is the first product to be approved as a biosimilar to STELARA. In that case, according to CMS’s guidance, STELARA would cease to be “selected” on January 1, 2027.

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Treatment options for Crohn’s disease expand after Rinvoq approval

Pharmaceutical Technology

Rinvoq is a major pillar in AbbVie’s plan to stem revenue drops once biosimilars to its behemoth Humira (adalimumab) enter the market on a sustained basis this year. AbbVie anticipates Rinvoq sales to exceed $7.5bn in 2025 and for the peak revenues from both drugs to exceed Humira’s peak sales by 2027.

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Teva and Alvotech launch SIMLANDI in US for arthritis

Pharmaceutical Business Review

This marks the first biosimilar launched under the strategic partnership between the two companies. SIMLANDI has been approved by the US Food and Drug Administration (FDA) as the first high-concentration, citrate-free biosimilar to Humira with interchangeability exclusivity for the 40mg/0.4ml injection.