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Amgen predicts a steady flow of biosimilar launches

Biosimilars/General | Posted 18/02/2022 0 Post your comment

Amgen CEO Robert Bradway predicted expanding the company’s biosimilars business with a steady flow of biosimilar launches at the J.P. Morgan Healthcare Conference, which was held on 11 January 2022.

Amgen already has five biosimilars approved in the US (of which four are launched) and three in Europe [1, 2] and expects revenues from these to bring in around US$2 billion for 2021. The company also expects to finally launch Amjevita (adalimumab-atto) in the US on 31 January 2023, after having to wait due to a settlement with AbbVie [3]. Amgevita (adalimumab) has been available in Europe since 2017 [2].

The company has more biosimilars in the pipeline and expects its 2030 biosimilars revenues to more than double the revenue from biosimilars in 2021. Amgen says it expects to be in first wave of biosimilars for Stelara (ustekinumab; ABP 654), Eylea (aflibercept) and Soliris (eculizumab). In addition, it says that it has three other biosimilars under development for a total biosimilars portfolio of 11.

In fact, Amgen says that its biosimilar candidates address around US$86 billions of originator biological sales in 2020. The company also does not expect biosimilar sales to impact on its sales of originator medicines. Mr Bradway said in his presentation that the efficiency of the biosimilars model is ‘not dilutive to margin’.

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References
1. GaBI Online - Generics and Biosimilars Initiative. Biosimilars approved in the US [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2022 Feb 18]. Available from: www.gabionline.net/biosimilars/general/Biosimilars-approved-in-the-US
2. GaBI Online - Generics and Biosimilars Initiative. Biosimilars approved in Europe [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2022 Feb 18]. Available from: www.gabionline.net/biosimilars/general/biosimilars-approved-in-europe
3. GaBI Online - Generics and Biosimilars Initiative. Boehringer Ingelheim finally signs licensing deal for Humira biosimilar [www.gabionline.net]. Mol, Belgium: Pro Pharma Communications International; [cited 2022 Feb 18]. Available from: www.gabionline.net/pharma-news/Boehringer-Ingelheim-finally-signs-licensing-deal-for-Humira-biosimilar

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Source: Amgen