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Amjevita represents the first biosimilar to the blockbuster drug Humira, kicking off what will likely be a firestorm of clones.
Source: https://investorplace.com/2023/01/amgen-layoffs-2023-what-to-know-about-the-latest-amgn-job-cuts/
It is another good step in the important out-licensing biosimilar business.
Management also expects to this year a biosimilar for arthritis treatment, Humira, pending U.S. regulatory approval, to boost revenue.
Naturally, if there is a more effective and safe drug than Humira available for the same indication, then physicians are likely to prescribe it over Humira, or a Humira biosimilar.
No, the principal risk that could knock Exelixis back is its biosimilar competition.
P.E.I.'s move to biosimilar drugs will save money — but is there a cost?
The enhanced global availability of more biosimilar products will undoubtedly benefit patients, health systems, and our partners in the regions.